People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Ohio
GCT1503OH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.70
Year-over-Year Change
38.04%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Ohio' trend measures the educational attainment of Ohio's adult population, which is important for analyzing state workforce skills and economic growth potential.
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 trend represents the percentage of people aged 25 and older in Ohio who have earned a graduate or professional degree, such as a master's, doctorate, or professional degree like a law or medical degree. It provides insight into the educational profile and human capital of the state's workforce.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used by policymakers, economists, and businesses to assess Ohio's talent pool and competitiveness.
Key Facts
- In 2021, 12.7% of Ohioans aged 25 and older had a graduate or professional degree.
- Ohio's graduate degree attainment rate lags the national average of 13.9%.
- Increasing educational credentials is a key priority for boosting Ohio's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 25 and older in Ohio who have earned a graduate or professional degree, such as a master's, doctorate, or professional degree like a law or medical degree.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the educational profile and human capital of Ohio's workforce, which is important for analyzing the state's economic growth potential and competitiveness.
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, economists, and businesses use this metric to assess Ohio's talent pool and competitiveness, which informs decisions around workforce development and economic growth initiatives.
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, People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Ohio (GCT1503OH), retrieved from FRED.