Bachelor's Degree or Higher for Tennessee
GCT1502TN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.70
Year-over-Year Change
34.32%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Bachelor's Degree or Higher for Tennessee' trend measures the percentage of the Tennessee population aged 25 and over that has attained a bachelor's degree or higher level of educational attainment. This statistic is relevant for understanding the state's human capital and workforce capabilities.
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 U.S. Census Bureau data series tracks educational attainment in Tennessee, providing insights into the state's knowledge-based economy and talent pipeline. The percentage of residents with a bachelor's degree or more is a key indicator of the state's ability to attract and retain skilled workers.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey (ACS).
Historical Context
Policymakers and economic development organizations use this metric to evaluate Tennessee's competitiveness and inform workforce development strategies.
Key Facts
- Tennessee's bachelor's degree attainment rate was 27.8% in 2021.
- This rate has increased from 23.8% in 2011.
- Tennessee trails the national average of 32.9% bachelor's degree or higher.
FAQs
Q: What does this economic trend measure?
A: The 'Bachelor's Degree or Higher for Tennessee' trend measures the percentage of the Tennessee population aged 25 and over that has attained a bachelor's degree or higher level of educational attainment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Tennessee's human capital and workforce capabilities, which are key factors in attracting and retaining skilled workers and driving economic growth.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey (ACS).
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to evaluate Tennessee's competitiveness and inform workforce development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually as part of the American Community Survey and may be subject to statistical sampling and estimation limitations.
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Citation
U.S. Census Bureau, Bachelor's Degree or Higher for Tennessee (GCT1502TN), retrieved from FRED.