Bachelor's Degree or Higher (5-year estimate) in Middlesex County, NJ
HC01ESTVC1734023 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.10
Year-over-Year Change
15.94%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of adults aged 25 and older in Middlesex County, New Jersey who have attained a bachelor's degree or higher educational credential. This metric is an important indicator of a region's human capital and workforce development.
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 widely used statistic for evaluating educational achievement and socioeconomic status at the local and regional level. It provides insight into the skill and knowledge levels of a population, which can inform workforce planning, economic development strategies, and policy decisions.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and businesses often reference this trend to understand the educational profile of a local area and its implications for the labor market and economic growth.
Key Facts
- Middlesex County's bachelor's degree or higher attainment rate is 43.1%.
- This is higher than the national average of 32.1%.
- 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 Middlesex County, New Jersey who have attained a bachelor's degree or higher level of education.
Q: Why is this trend relevant for users or analysts?
A: The bachelor's degree or higher attainment rate is an important indicator of a region's human capital and workforce development, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: This 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 reference this trend to understand the educational profile of a local area and its implications for the labor market and economic growth.
Q: Are there update delays or limitations?
A: The American Community Survey data used to calculate this metric is updated on a 5-year cycle, 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 Middlesex County, NJ (HC01ESTVC1734023), retrieved from FRED.