LOS ANGELES --
A new report based on census data shows a mixed economic picture of L.A. County.The report, by the Los Angeles Alliance for a New Economy, shows L.A. County has the highest poverty rates in the state and the nation, despite a slight decrease in poverty rates in 2007.
It found the percentage of the county's households living in poverty dropped from 15.4 percent in 2006 to 14.7 percent in 2007.
The report also shows that 40 percent of county residents do not earn enough money to meet their basic needs. Authors also say 20 percent of the county's children live in extreme poverty.
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