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Has L.A.'s economy come back?
Has L.A.'s economy come back?

Among those who know Los Angeles' economy best, there is one point of agreement: The city is slowly recovering from the 2007 collapse. It was seven years ago that a national housing and financial crisis triggered the worst economic downturn of this generation, and it hit L.A. hard. Unemployment soared to more than 13%; today, it is at roughly 8.7%. That is still high by historical standards, but things are steadily improving. Beyond the agreement on that large trend, however, there is debate over where we are headed, over how best to encourage growth and over how to confront the recovery's worrisome unevenness. Some observers believe government intervention is the only way to...

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