Bachelor's Degree or Higher for Montana
GCT1502MT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.60
Year-over-Year Change
22.70%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Bachelor's Degree or Higher for Montana' trend measures the percentage of adults aged 25 and older in the state of Montana who have obtained a bachelor's degree or higher level of educational attainment. This is a key indicator of the state's human capital and workforce skills.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This statistic represents the educational attainment of Montana's adult population, providing insight into the state's economic competitiveness and potential for innovation. Policymakers and analysts use this data to understand the skills and knowledge base available within the state's labor force.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for evaluating Montana's economic development, talent attraction, and workforce preparation policies.
Key Facts
- Montana's bachelor's degree or higher rate was 31.4% in 2021.
- This is lower than the national average of 32.9%.
- Educational attainment varies significantly by county within Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of adults aged 25 and older in Montana who have obtained a bachelor's degree or higher level of educational attainment.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insight into the skills and knowledge base of Montana's labor force, which is important for evaluating the state's economic competitiveness and potential for innovation.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand Montana's workforce skills and inform economic development, talent attraction, and workforce preparation policies.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be a 1-2 year lag in availability.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher for Montana (GCT1502MT), retrieved from FRED.