Bachelor's Degree or Higher for Maryland
GCT1502MD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.70
Year-over-Year Change
18.43%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Bachelor's Degree or Higher for Maryland' series tracks the percentage of the adult population in Maryland that holds a bachelor's degree or higher level of educational attainment. This metric is a key indicator of the state's human capital and knowledge workforce.
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 series provides insights into the educational attainment of Maryland's residents, which is an important factor in assessing the state's economic competitiveness and potential for innovation and growth. Policymakers and analysts use this data to understand trends in the state's workforce skills and talent pool.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric helps inform state-level policies and initiatives focused on talent attraction, workforce development, and higher education.
Key Facts
- Maryland has one of the highest educational attainment rates in the U.S.
- The state's bachelor's degree or higher rate exceeds the national average.
- Improving educational outcomes is a key priority for Maryland's economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of adults aged 25 and older in Maryland who have earned a bachelor's degree or higher level of educational attainment.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the quality of Maryland's workforce and its potential for innovation and economic growth. It informs policy decisions around talent attraction, workforce development, and higher education.
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 use this data to assess Maryland's competitiveness in attracting and retaining a skilled workforce, which is crucial for fostering innovation and growth.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay due to the survey collection and processing timeline.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher for Maryland (GCT1502MD), retrieved from FRED.