People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Montana
GCT1503MT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
39.53%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the percentage of people aged 25 and older in Montana who have completed a graduate or professional degree. It provides insights into the state's educational attainment and human capital.
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
The 'People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Montana' series tracks the share of the adult population in the state that has earned an advanced academic degree beyond a bachelor's. This metric is a key indicator of the state's intellectual resources and competitive economic positioning.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and economic development organizations use this metric to assess Montana's talent pool and identify areas for investment in higher education and workforce development.
Key Facts
- Montana's graduate degree attainment rate is below the national average.
- Advanced degree holders tend to earn higher incomes.
- Educational attainment is linked to economic competitiveness
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 25 and older in Montana who have completed a graduate or professional degree, such as a master's, doctorate, or professional certification.
Q: Why is this trend relevant for users or analysts?
A: The graduate degree attainment rate is an important indicator of a state's human capital and intellectual resources, which are crucial for economic competitiveness and innovation.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey, a comprehensive household survey.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess Montana's talent pool and identify areas for investment in higher education and workforce development to enhance the state's competitiveness.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with some potential for delays in data publication. The survey-based nature of the data may also limit its granularity at the state level.
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Citation
U.S. Federal Reserve, People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Montana (GCT1503MT), retrieved from FRED.