iStock
iStock

Retail Analyst Predicts One-Third of American Malls Will Close

iStock
iStock

American shopping malls have been in decline since the 1990s, thanks in small part to teenager takeovers, and in large part to online shopping. According to retail analyst Jan Kniffen, that trend is set to continue, with hundreds of enclosed malls around the country likely to close in the near future. In other words, get your Orange Julius visits in while you still can.

Speaking with CNBC about the retail market, Kniffen said that shoppers are ditching large department stores like Macy's for cheaper retailers like H&M and Zara, or skipping the in-person experience altogether and buying online. He called America the most "over-stored place in the world" with an unsustainable 48 square feet of retail space per capita (twice as much as any other country). Since large department stores are considered anchors for enclosed shopping malls, as they bring in fewer shoppers, the effect is subsequently felt by the smaller stores that share mall real estate.

"If you look into the future—not that far—we've got 1100 enclosed malls in America, we probably need 700," he said. "The top 250 will do fine, the rest of them are going to struggle. Macy's has got 800 stores, more or less. They probably need 500, 550 ... you're going to see this huge reduction in brick-and-mortar space."

[h/t CNBC]

nextArticle.image_alt|e
iStock
Here Are the Colleges In Each State With the Best Job Placement Rates
iStock
iStock

In a tough economic climate, kids trying to figure out where to go to college might be more concerned with their future job prospects than the on-campus party scene. This graphic from the career search site Zippia, spotted by Thrillist, provides a surprising look at the universities that boast the highest post-graduation job placement rates in each state.

Zippia looked at job placement ratings from the Integrated Postsecondary Education Data System (IPEDS), a collection of surveys from the National Center for Education Statistics that any college or university that gets federal funding has to complete. (That includes private universities.) The company ranked universities based on their job placement ratings for students 10 years after graduation.

Here's what the results look like across all 50 states:

A yellow map of the U.S. labeled with the college that boasts the highest job placement rate in each state
Zippia

Some of the institutions on the list may be colleges you’ve never heard of. While prestigious universities like Vanderbilt University in Tennessee might be familiar, other entries are more obscure. The highest job placement rate for a college in Massachusetts isn’t from Harvard—it’s Endicott College, a school near Salem with about 2500 undergraduates.

These are the 10 colleges with the highest job placement rates across all 50 states, according to Zippia’s analysis. Each school has a job placement rate of more than 95 percent 10 years after graduation.

1. Lebanon Valley College in Annville, Pennsylvania
2. Salve Regina University in Newport, Rhode Island
3. Ohio Northern University in Ada, Ohio
4. Oregon Health & Science University in Portland, Oregon
5. Hobart and William Smith Colleges in Geneva, New York
6. University of Sioux Falls in Sioux Falls, South Dakota
7. University of Wisconsin – Platteville in Platteville, Wisconsin
8. Endicott College in Beverly, Massachusetts
9. Nebraska Wesleyan University in Lincoln, Nebraska
10. Quinnipiac University in Hamden, Connecticut

That said, it's not entirely clear what kind of employment is covered by this data. It's possible that some of the graduates included aren't working in their desired field 10 years on or are otherwise underemployed but still working full time. The jobs these graduates have may have nothing to do with their major or what they studied in school. And since Zippia looked at data from people who graduated 10 years ago, that means the company likely looked at 2008 graduates, who left college at the height of the recession and may not have had a lot of great job options, potentially skewing the data toward very specialized schools, like Embry-Riddle Aeronautical University (the top choice in both Arizona and Florida).

The full list is below.

A list of the top colleges for job placement in each state
Zippia

[h/t Thrillist]

nextArticle.image_alt|e
iStock
This State Was Just Ranked the Best in the U.S.
iStock
iStock

Every year, U.S. News and World Report assembles its list of the Best States across a variety of metrics. Categories like health care, education, economy, and quality of life are measured statistically—education, for example, looks at the graduation rate in high schools, while the unemployment rate correlates with job opportunities—and assessed against areas where states may be lacking, like disparities in income between genders or unfavorable crime statistics.

After considerable crunching of numbers, the U.S. News data analysis has crowned a new "best" state: Iowa.

The Hawkeye state finished in the top 10 or top five in key areas like health care, job opportunities, and overall infrastructure. Farming, a longtime identifying trait, has taken second place to manufacturing plants. And while plenty of Iowa is rural, its technological innovations are advanced: the state actually leads the nation in building high-speed internet access into the fabric of its communities.

There are other factors that paved the way for Iowa's placement—affordable housing, for example, where it ranks second overall in the country, and health care affordability. U.S. News points to a sluggish population growth for younger residents and less-hospitable resources for entrepreneurs as drawbacks.

In the full list, Minnesota grabbed the second-place spot; New York, the 25th. Louisiana appears at the bottom. 

[h/t U.S. News]

SECTIONS

arrow
LIVE SMARTER
More from mental floss studios