Chicago ranks low on performance list of U.S. cities

08:45, November 13, 2009      

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The city of Chicago ranks in the bottom half of an annual report listing the country's best performing large cities in the United States, according to an annual report released Thursday.

Chicago, the third largest city in the United States, has moved up from its place last year, but it's still not doing well. Of the200 largest metro areas, Chicago comes in at 148 of the nation's best performing cities. An annual report released by the California-based Milken Institute ranks metropolitan areas by how well a city can create and continue economic growth.

Chicago's low ranking shows the decline in jobs and the stagnation of salary and wages. The areas where the city saw the sharpest declines in employment were manufacturing and the financial sector.

The loss of those jobs had a negative affect on administrative and support positions. But the report says Chicago remains a major business center and will eventually benefit from a national recovery.

Of the best performing large cities Austin, Texas ranked number one. Flint, Michigan was the worst.

Source: Xinhua
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