Bachelor's Degree or Higher (5-year estimate) in Passaic County, NJ
HC01ESTVC1734031 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.30
Year-over-Year Change
19.29%
Date Range
1/1/2010 - 1/1/2023
Summary
Measures educational attainment for Passaic County, New Jersey residents with bachelor's degrees or higher. Provides critical insight into regional 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
This demographic indicator tracks the percentage of adults with advanced educational credentials. It reflects local economic potential and workforce sophistication.
Methodology
Calculated using 5-year American Community Survey estimates from U.S. Census Bureau.
Historical Context
Used by policymakers and economic development professionals to assess regional education levels.
Key Facts
- Indicates local workforce educational capacity
- Reflects potential economic competitiveness
- Helps target educational and economic development strategies
FAQs
Q: What percentage of Passaic County residents have a bachelor's degree?
A: Specific percentage varies by survey year. Check current FRED data for most recent estimate.
Q: Why is educational attainment important for local economies?
A: Higher education levels correlate with increased innovation, earnings potential, and economic resilience.
Q: How often is this data updated?
A: 5-year estimates are typically updated annually by the U.S. Census Bureau.
Q: How does Passaic County's education level compare to state averages?
A: Compare current FRED data with New Jersey state-level educational attainment statistics.
Q: What economic opportunities relate to higher education levels?
A: Higher education attracts knowledge-based industries and supports regional economic development.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (HC01ESTVC1734031), retrieved from FRED.