Bachelor's Degree or Higher for Arkansas
GCT1502AR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.20
Year-over-Year Change
29.06%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Bachelor's Degree or Higher for Arkansas' trend measures the percentage of the adult population in Arkansas that has earned a bachelor's degree or higher level of educational attainment. This metric is important for understanding the state's human capital and 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 indicator tracks the educational attainment of Arkansas residents aged 25 and older, focusing specifically on the proportion that have completed a bachelor's degree or more advanced degree program. The data is used by policymakers, researchers, and businesses to assess the knowledge and skills available in the state's labor market.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric provides insight into Arkansas's talent pool and can inform decisions around economic development, education investment, and workforce planning.
Key Facts
- In 2020, 23.3% of adults in Arkansas had a bachelor's degree or higher.
- Arkansas ranks 48th among U.S. states in the share of adults with a bachelor's degree or higher.
- The state's bachelor's degree attainment rate lags the national average of 32.9%.
FAQs
Q: What does this economic trend measure?
A: The 'Bachelor's Degree or Higher for Arkansas' metric tracks the percentage of adults aged 25 and older in the state who have earned a bachelor's degree or more advanced college degree.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the educational attainment and human capital available in Arkansas, which is important for understanding the state's workforce capabilities and informing economic development policies.
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, researchers, and businesses use this metric to assess Arkansas's talent pool and make informed decisions around economic development, education investment, and workforce planning.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, reflecting the most recent year's American Community Survey results.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher for Arkansas (GCT1502AR), retrieved from FRED.