There’s an Antidote to America’s Long Economic Malaise: College Towns

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OPELIKA, Ala.—Lee County, Ala., lost 7,000 jobs in industries from textiles to tires to fitness equipment when Chinese competition invaded America. Vacant storefronts dotted downtown Opelika, the county seat, and disability claims soared as older workers with limited skills struggled to find new jobs.

Instead of merely surviving, though, Lee County is now thriving. Its unemployment rate of 4.7% in October was slightly lower than for the U.S. as a whole. Since 2001, the east-central Alabama county has added 14,000 jobs, five times the growth rate in the rest of the country.

Why has Lee County been so resilient? One of the biggest reasons is that it is home to a major college town.

College Edge

Counties that are home to a land-grant university have lower unemployment rates than the U.S. overall and bounced back faster from the most recent recession.

BN-RE457_backgr_2_20161212114049.jpg

Change since recession began in employment, 12-month avg.

Median unemployment rate by county, 12-month average

8

%

12

%

Counties with a land-grant university*

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There’s an Antidote to America’s Long Economic Malaise: College Towns

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