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Recession Reality Check: Boxer Preps for Obama

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Welcome to California. We lost 100,000 jobs this past year, unemployment has hit a 14-year record at 8.3 percent (8.9 in LA County) and around 189,000 homes were lost to foreclosure in the first three quarters of 2008. That's why Senator Barbara Boxer released a report today--entitled "The Realities of Recession in California"--that has the results of interviews with every county in the state and a group of select cities.

"This report is a reality check on the economy--things are not good, but change is coming," Boxer said in an e-mail newsletter. "I am going to focus like a laser beam on saving and creating jobs, which is the backbone of any economy."

All this builds up to working with Congress and President-Elect Barack Obama. “As a former County Supervisor, I know that our local officials are on the front lines of this recession," she said in the report. "The information they have provided is so important to me as I begin to work with this new Administration to address our economic challenges and promote growth and stability throughout our State.”

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The reports for LA County and City of Los Angeles are below.