LA Facing "Two-Year, Jobless Recovery"

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As the U.S. economy shows glimmers of improvement, there is not much even a city of 4 million people can do to take advantage of it quickly.

Los Angeles, the second-largest U.S. city, has a jobless rate of 13.9 percent. Like other big U.S. cities, it has few tools to spur jobs as the economy picks up again.

"This could be a two-year, jobless recovery," Los Angeles Deputy Mayor Larry Frank told Reuters.

Read the whole story at Reuters

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