Golf’s challenges have country clubs in the rough — but richest clubs seem to be doing fine

The golf industry is stuck in the rough.

The number of golf courses and country clubs has declined steadily in the U.S. over the past decade or so, as have the number of people they employ. Much of the sector's troubles are rooted in sagging demand, a lucrative real estate market and competition from alternative golf-related businesses. For course managers, the times are tough no matter how you slice it.

The Business Journals analyzed federal employment data for 449 U.S. counties and found that…

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