Forbes: Durham No. 3 college town for jobs

Forbes magazine has ranked Durham third in its Top College Town for Jobs list Tuesday.

With  7.4% of workers in university jobs and 2.49 employment growth since last year, Durham is one of the top cities seeing "business booms," the magazine reports. Although job availability decreased by 3.5% over the course of 12 months from March 2008, 62 college towns reportedly saw employment growth. The magazine also considers Duke Durham's primary university.

Forbes defines "college town" as an area where "employment from universities, four-year colleges, two-year community colleges and university medical teaching hospitals supplied 2 percent or more of area jobs."

The magazine also considers research universities "great environments" for employment and businesses because of the availability of recent college graduates, providing talent and inexpensive labor.