Bachelor's Degree or Higher for Minnesota
GCT1502MN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.00
Year-over-Year Change
23.46%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Bachelor's Degree or Higher for Minnesota' series tracks the percentage of the adult population in Minnesota that has attained at least a bachelor's degree. This metric is a key indicator of educational attainment and human capital in the state.
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 statistic represents the proportion of Minnesota residents aged 25 and older who have completed a bachelor's degree or higher level of education. It is used to assess the state's progress in developing a skilled workforce and improving access to higher education.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and economists analyze this trend to understand the educational profile of Minnesota and inform decisions around workforce development, talent attraction, and investments in higher education.
Key Facts
- Minnesota has one of the highest educational attainment rates in the U.S.
- Over 35% of Minnesota adults hold a bachelor's degree or higher.
- The state's high educational levels contribute to its strong economy and innovation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of adults in Minnesota who have attained at least a bachelor's degree, which is a key indicator of educational attainment in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the skills and talent pool available in Minnesota, which informs workforce development, talent attraction, and investments in 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 economists analyze this trend to assess Minnesota's progress in developing a skilled workforce and to inform decisions around talent attraction and investments in higher education.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher for Minnesota (GCT1502MN), retrieved from FRED.