Walmart Fails to Create Jobs in Chicago

Does Walmart add to homeowners' quality of life when it moves in to a new urban neighborhood? Not necessarily, so says a recent study.

Some might welcome having the same opportunity suburbanites do to buy fishing gear, a new printer and cheap socks all in one place. But those looking to Walmart to create jobs or stimulate other local businesses -- the kinds of things that add to the quality of life for local residents -- are out of luck.

According to a study from the University of Illinois at Chicago and Loyola University Chicago, Walmart's only Chicago store has done nothing for local employment or local business. The study could have implications for other urban areas pondering a Walmart store for their communities.