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Employment Rate Expected to Rise

UCLA Anderson Forecast released its first quarterly report of 2014.

UCLA Anderson Forecast said the employment rate is expected to rise but at a slightly slower pace than originally predicted.

Mayor Eric Garcetti said Los Angeles needs to promote new businesses and jobs.

"This town has the ingredient to roar forward and to be successful," said Garcetti. "We can keep businesses here and if we continue to show people that if you bring us a project, an idea, a company, we'll get you opened and running quickly. Los Angeles' great attributes will make the rest of the sale."

UCLA Anderson Forecast economist Jerry Nickelsburg said there are several reasons why people are finding more work.

"We are seeing a gradual rise in construction, increased demands for healthcare," said Nickelsburg. "We're getting an increased amount of good to our port."

By the end of 2014, employment in Los Angeles should increase by 1.8 percent. Employment will continue to increase by 2.2 percent in 2015 and 2.1 percent in 2016.

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