Best-Performing U.S. Cities

21 September 2008 - 12:00pm

The Milken Institute, an independent economic think tank, has released the results of their study, 'Best-Performing Cities 2008: Where America's Jobs Are Created and Sustained'. Provo, Utah tops the list.

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"This year's rankings of where America's jobs are being created and sustained shows the impact of a broad rebound in the technology sector, along with strong activity in exports and energy production.

Several metros that once dominated the rankings fell due to a sharp downturn in their housing and construction markets; locations in Florida and California took particularly sharp hits. Cities that depend on industry and manufacturing also continue to show a steady long-term decline. The lowest performers on this year's index once again come from the industrial Midwest, with nine of the lowest-ranked cities found in Michigan or Ohio."

Source: Milken Institute, September 19, 2008