O.B. James 1 p.m., March 7
Lead Indicators Flat; Private-Sector Employment Zooms
The October lead indicators of the San Diego economy have been flat at 110 for the fourth consecutive month, according to Alan Gin of the University of San Diego, who compiles the report. The indicators were 109.7 in June and have been at 110 in every succeeding month. In October, building permits moved in an unfavorable direction, while initial unemployment claims, stock prices, consumer confidence, help wanted advertising and the national economy moved in a positive direction. On the national scene, private-sector employment rose 93,000 in November, the largest gain in three years, according to Automatic Data Processing's employment report released today (Wed., Dec. 1) This portends strong gains in total employment in the Friday U.S. government report, say economists. Stock market futures are up strongly prior to the market's opening.