Bachelor's Degree or Higher (5-year estimate) in Sumter County, SC
HC01ESTVC1745085 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.20
Year-over-Year Change
30.34%
Date Range
1/1/2010 - 1/1/2023
Summary
Tracks higher education attainment in Sumter County, South Carolina. Provides critical insights into advanced educational achievement and potential workforce capabilities.
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 estimate represents the percentage of residents aged 25 and older with bachelor's degrees or higher. It reflects advanced educational development in the community.
Methodology
Data collected through U.S. Census Bureau's American Community Survey 5-year estimates.
Historical Context
Used by economic developers and educational planners to assess human capital.
Key Facts
- Indicates advanced educational achievement
- Reflects potential workforce sophistication
- Important for economic competitiveness
FAQs
Q: What does bachelor's degree data indicate?
A: Measures the percentage of residents with college degrees, suggesting workforce skill levels and economic potential.
Q: How frequently is this data updated?
A: 5-year estimates provide comprehensive periodic snapshots of educational attainment.
Q: Why track bachelor's degree rates?
A: Higher education correlates with economic innovation, earning potential, and community development.
Q: How might this impact local economic strategies?
A: Informs workforce training, business attraction, and educational investment decisions.
Q: What are potential data limitations?
A: 5-year estimates provide trend data but may not capture most recent educational changes.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (HC01ESTVC1745085), retrieved from FRED.