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North County EDC quarterly report: hiring softens, manufacturing job losses continue while health care grows
Summary
North County EDC presented a quarterly economic indicators report showing slowing hiring and manufacturing job losses in North County, growth in health care and education sectors, softer home sales tied to elevated mortgage rates, and plans for a new North County stock index.
North County Economic Development Corporation (North County EDC) presented its quarterly North County Now indicators to the San Marcos City Council on July 22, reporting a broadly slower economy over the prior six to nine months, sectoral shifts, and local implications.
Presenter Eric Bridal told the council that the region has lost roughly 3,800 manufacturing jobs and that while hiring has softened, layoffs have been relatively low: "Companies are really very much in a kind of a wait and see mode,"…
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