Bachelor's Degree or Higher for Alabama
GCT1502AL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.90
Year-over-Year Change
29.60%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Bachelor's Degree or Higher for Alabama' trend measures the percentage of the adult population in Alabama that has attained a bachelor's degree or higher level of educational attainment. This metric is a key indicator of the state's human capital and talent pool.
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 U.S. Census Bureau-derived statistic provides insight into the educational profile of Alabama's adult residents. It is used by policymakers, businesses, and researchers to assess the state's workforce readiness, socioeconomic status, and ability to attract and retain skilled talent.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in bachelor's degree attainment are closely monitored by state governments and economic development agencies.
Key Facts
- Alabama's bachelor's degree or higher attainment rate was 24.5% in 2020.
- The national average bachelor's degree or higher attainment rate was 32.9% in 2020.
- Alabama ranks 44th among U.S. states in bachelor's degree or higher attainment.
FAQs
Q: What does this economic trend measure?
A: The 'Bachelor's Degree or Higher for Alabama' trend measures the percentage of Alabama's adult population that has attained at least a bachelor's degree.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Alabama's human capital, workforce readiness, and ability to attract skilled talent, which are key factors in economic development and competitiveness.
Q: How is this data collected or calculated?
A: The 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 economic development agencies closely monitor bachelor's degree attainment trends to inform workforce development initiatives and strategies to attract and retain skilled workers.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay, and may be subject to sampling and margin of error limitations inherent in survey-based estimates.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher for Alabama (GCT1502AL), retrieved from FRED.