L.A. now on worst-cities list for jobs

A study and ranking by Forbes and NewGeography.com has put Los Angeles in the bottom ten of large U.S. cities for job growth. It's the first time L.A. has fallen so low in the rankings. "No state has suffered a greater reversal of fortunes than California," says author Joel Kotkin. "Five or six years ago California regions generally inhabited the top half or third of our lists. Today they generally have fallen even faster than the other Sunbelt states, even though the state's economy boasts many assets beyond merely real estate speculation. California now accounts for a remarkable 7 of the bottom 20 regions on our big metro list."