Bachelor's Degree or Higher (5-year estimate) in Pitkin County, CO
HC01ESTVC1708097 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.00
Year-over-Year Change
13.27%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of the adult population in Pitkin County, Colorado that holds a bachelor's degree or higher. It provides valuable insights into the educational attainment and human capital of the local workforce.
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 bachelor's degree or higher rate is a key indicator of a region's educational and skill levels, which are crucial factors for economic competitiveness, innovation, and attracting high-skilled jobs and industries. Policymakers and researchers use this data to assess a community's progress and shape educational and workforce development initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey and represents a 5-year estimate.
Historical Context
This trend is widely used by local governments, economic development agencies, and employers to understand the quality of the labor force and inform talent attraction and retention strategies.
Key Facts
- Pitkin County, CO has one of the highest bachelor's degree or higher rates in the U.S.
- The 5-year estimate for this trend is updated annually by the Census Bureau.
- Highly educated populations are associated with stronger economic growth and innovation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the adult population in Pitkin County, Colorado that holds a bachelor's degree or higher level of educational attainment.
Q: Why is this trend relevant for users or analysts?
A: The bachelor's degree or higher rate is a key indicator of a region's human capital and workforce skills, which are crucial for economic competitiveness, innovation, and attracting high-skilled jobs.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey and represents a 5-year estimate.
Q: How is this trend used in economic policy?
A: Local governments, economic development agencies, and employers use this data to understand the quality of the labor force and inform talent attraction and retention strategies.
Q: Are there update delays or limitations?
A: The 5-year estimate for this trend is updated annually by the Census Bureau, so there may be a 1-year delay in the most recent data.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Pitkin County, CO (HC01ESTVC1708097), retrieved from FRED.