People 25 Years and Over Who Have Completed a Graduate or Professional Degree for West Virginia
GCT1503WV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.50
Year-over-Year Change
39.71%
Date Range
1/1/2006 - 1/1/2023
Summary
This trend measures the percentage of people aged 25 and older in West Virginia 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 West Virginia' trend tracks the share of the adult population in the state that has earned an advanced degree beyond a bachelor's. This metric is used by economists and policymakers to assess the region's educational and skills profile.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for understanding West Virginia's workforce capabilities and economic development potential.
Key Facts
- In 2021, 11.2% of West Virginia adults had a graduate or professional degree.
- West Virginia's graduate degree attainment rate is below the national average of 13.6%.
- Increasing educational attainment is a key priority for economic development in West Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 25 and older in West Virginia 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: This metric provides insight into the educational profile and human capital of West Virginia, which is important for understanding the state's workforce capabilities, economic development 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 and economic development agencies use this trend to assess West Virginia's educational attainment and guide investments in workforce development, education, and talent attraction programs.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-year lag. The survey-based nature of the data may also have sampling and coverage limitations for smaller geographic areas.
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Citation
U.S. Federal Reserve, People 25 Years and Over Who Have Completed a Graduate or Professional Degree for West Virginia (GCT1503WV), retrieved from FRED.