Bachelor's Degree or Higher (5-year estimate) in Oxford County, ME
HC01ESTVC1723017 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.50
Year-over-Year Change
22.95%
Date Range
1/1/2010 - 1/1/2023
Summary
Tracks the percentage of residents with bachelor's degrees in Oxford County, Maine. Provides insights into higher education attainment and regional intellectual 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 estimate measures the proportion of residents aged 25 and older holding a bachelor's degree or higher. It reflects educational achievement and potential workforce sophistication.
Methodology
Data collected through U.S. Census Bureau's American Community Survey 5-year estimates.
Historical Context
Used by economic planners to assess workforce skills and potential for knowledge-based industries.
Key Facts
- Indicates advanced educational levels
- Reflects potential for knowledge economy
- Important for workforce development
FAQs
Q: What does bachelor's degree attainment indicate?
A: Measures percentage of residents 25+ with college degrees. Suggests workforce skill levels and potential for advanced industries.
Q: Why track bachelor's degree rates?
A: Helps understand regional human capital, innovation potential, and economic competitiveness.
Q: How often is this data updated?
A: Updated through 5-year American Community Survey estimates.
Q: How can this data be used?
A: Guides educational policy, economic development, and workforce training strategies.
Q: What are the data's limitations?
A: Represents a 5-year estimate, potentially missing recent educational trends.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (HC01ESTVC1723017), retrieved from FRED.