Bachelor's Degree or Higher (5-year estimate) in Bay County, MI
HC01ESTVC1726017 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.40
Year-over-Year Change
16.94%
Date Range
1/1/2010 - 1/1/2023
Summary
Tracks the percentage of Bay County, Michigan residents with bachelor's degrees or higher. Provides insights into local educational attainment and workforce skills.
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 demographic indicator measures higher education completion among residents aged 25 and older. It reflects community intellectual capital and potential economic competitiveness.
Methodology
Data collected through U.S. Census Bureau's American Community Survey 5-year estimates.
Historical Context
Used by economic planners to assess workforce capabilities and educational infrastructure.
Key Facts
- Indicates advanced educational achievement
- Reflects potential workforce skill levels
- Important for economic competitiveness
FAQs
Q: What does this bachelor's degree data represent?
A: Percentage of Bay County residents 25+ with a bachelor's degree or higher educational attainment.
Q: How frequently is this data updated?
A: Updated annually through 5-year American Community Survey comprehensive estimates.
Q: Why are bachelor's degree rates important?
A: Indicates community's potential for knowledge-based economic development and innovation.
Q: How can this data be used?
A: Helps educational institutions, employers, and policymakers understand local human capital resources.
Q: What are the data's potential limitations?
A: Represents a 5-year estimate, which may not capture most recent educational trend changes.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (HC01ESTVC1726017), retrieved from FRED.