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SAN JOSE -- The Silicon Valley economy, fueled by fast-growing innovation industries like nowhere else in the country, has rebounded strongly from the Great Recession and is poised for more stellar growth. But the region has stumbled in its quest to create a skilled talent pool that can meet the hiring appetite of the high-tech sector, according to a report released Wednesday.

Technology businesses now account for 33 percent of the economic output of Silicon Valley, defined as Santa Clara, San Mateo and San Francisco counties, the report from the Silicon Valley Leadership Group and Silicon Valley Community Foundation has found.

Image: A view of downtown San Jose, Calif., on Monday, Jan. 12, 2015. (Gary Reyes/Bay Area News Group)