High School Graduate or Higher (5-year estimate) in Franklin County, IL
HC01ESTVC1617055 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.20
Year-over-Year Change
5.06%
Date Range
1/1/2010 - 1/1/2023
Summary
The 'High School Graduate or Higher (5-year estimate) in Franklin County, IL' measures the percentage of the population aged 25 years and over in Franklin County, Illinois who have attained at least a high school degree or equivalent. This statistic is an important indicator of 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
This series tracks the estimated proportion of adults in Franklin County, Illinois who have completed high school or obtained a higher educational credential. Economists and policymakers use this data to assess the skills and training of the local workforce, which can inform decisions around economic development, education funding, and workforce development initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey, which samples households and individuals to produce statistical estimates.
Historical Context
Trends in high school attainment are relevant for understanding the economic and social conditions of a region and can inform policies aimed at improving educational outcomes and workforce preparedness.
Key Facts
- Franklin County, IL has a high school graduation rate of 85.4%.
- The high school graduation rate in Franklin County is lower than the national average of 88%.
- Improving high school completion is a key priority for economic development in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population aged 25 and over in Franklin County, Illinois who have attained at least a high school degree or equivalent.
Q: Why is this trend relevant for users or analysts?
A: This statistic is an important indicator of the educational attainment and human capital in the region, which can inform economic development, education policy, and workforce initiatives.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey, which samples households and individuals to produce statistical estimates.
Q: How is this trend used in economic policy?
A: Trends in high school attainment are relevant for understanding the economic and social conditions of a region and can inform policies aimed at improving educational outcomes and workforce preparedness.
Q: Are there update delays or limitations?
A: The data is released as 5-year estimates, so there may be a delay in reflecting the most recent changes in the region.
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Citation
U.S. Federal Reserve, High School Graduate or Higher (5-year estimate) in Franklin County, IL (HC01ESTVC1617055), retrieved from FRED.