Bachelor's Degree or Higher (5-year estimate) in Lenawee County, MI
HC01ESTVC1726091 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.30
Year-over-Year Change
14.36%
Date Range
1/1/2010 - 1/1/2023
Summary
This trend measures the percentage of adults aged 25 and older in Lenawee County, Michigan who have attained a bachelor's degree or higher level of educational attainment. It provides insights into the local human capital and skill levels.
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 and skill profile of a local population. It is used by policymakers, researchers, and businesses to understand the available workforce and plan investments in economic development.
Methodology
This statistic is calculated from the U.S. Census Bureau's American Community Survey 5-year estimates.
Historical Context
The bachelor's degree attainment rate is relevant for analysis of labor market trends, educational outcomes, and community development.
Key Facts
- Lenawee County bachelor's degree or higher attainment rate is 20.1%.
- Michigan's statewide bachelor's degree or higher rate is 28.1%.
- The U.S. national average is 32.1%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of adults aged 25 and older in Lenawee County, Michigan 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 attainment rate is a key indicator of the local human capital and skill levels, which is relevant for analysis of labor market trends, educational outcomes, and community development.
Q: How is this data collected or calculated?
A: This statistic is calculated from the U.S. Census Bureau's American Community Survey 5-year estimates.
Q: How is this trend used in economic policy?
A: The bachelor's degree attainment rate is used by policymakers, researchers, and businesses to understand the available workforce and plan investments in economic development.
Q: Are there update delays or limitations?
A: The 5-year American Community Survey data has a 1-2 year reporting lag, so the most recent estimates may not fully reflect the current situation.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Lenawee County, MI (HC01ESTVC1726091), retrieved from FRED.