Bachelor's Degree or Higher (5-year estimate) in Carroll County, IL
HC01ESTVC1717015 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.20
Year-over-Year Change
12.35%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of adults aged 25 and older in Carroll County, Illinois who have attained a bachelor's degree or higher level of educational attainment. This metric is important for understanding the human capital and skill level within a local economy.
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 attainment rate is a key indicator of the educational profile and talent pool available in a given geographic area. This data can inform economic development strategies, workforce planning, and investments in education and training.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and businesses often use this metric to assess the suitability of a location for economic activities requiring highly skilled labor.
Key Facts
- Carroll County, IL's bachelor's degree or higher attainment rate was 21.8% in the latest 5-year estimate.
- This is lower than the national average of 32.1% for the same period.
- Educational attainment is a key driver of economic prosperity and innovation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of adults aged 25 and older in Carroll County, Illinois who have attained 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 attainment rate is an important indicator of the human capital and skill level within a local economy, which can inform economic development strategies, workforce planning, and investments in education and training.
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 businesses often use this metric to assess the suitability of a location for economic activities requiring highly skilled labor.
Q: Are there update delays or limitations?
A: The data is published on a 5-year rolling average basis, so there may be a delay in reflecting the most recent changes in educational attainment.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Carroll County, IL (HC01ESTVC1717015), retrieved from FRED.