Bachelor's Degree or Higher (5-year estimate) in Orange County, NC
HC01ESTVC1737135 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.80
Year-over-Year Change
13.19%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of the population aged 25 and older in Orange County, North Carolina that has obtained a bachelor's degree or higher level of educational attainment. This metric is crucial for understanding the human capital and skill levels within a region.
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 percentage is a key indicator of educational achievement and workforce readiness. It provides insight into the knowledge and capabilities of the local population, which is highly relevant for economic development, labor market analysis, and policy decisions.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey program.
Historical Context
Policymakers and businesses utilize this metric to assess a region's talent pool and make informed decisions.
Key Facts
- Orange County, NC has a bachelor's degree or higher rate of 59.4%.
- This is significantly higher than the national average of 32.1%.
- The trend has remained relatively stable over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population aged 25 and older in Orange County, North Carolina that has obtained 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 or higher percentage is a key indicator of educational achievement and workforce readiness, providing insight into the knowledge and capabilities of the local population, which is highly relevant for economic development, labor market analysis, 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 program.
Q: How is this trend used in economic policy?
A: Policymakers and businesses utilize this metric to assess a region's talent pool and make informed decisions about economic development, workforce planning, and policy initiatives.
Q: Are there update delays or limitations?
A: The data is updated annually through the American Community Survey, and there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Orange County, NC (HC01ESTVC1737135), retrieved from FRED.