Bachelor's Degree or Higher for Utah
GCT1502UT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.40
Year-over-Year Change
29.29%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'Bachelor's Degree or Higher for Utah' trend measures the percentage of the adult population in Utah that has obtained a bachelor's degree or higher level of education. This statistic is important for policymakers and economists to understand the state's educational attainment 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 share of Utah's population aged 25 and over who have completed a bachelor's, master's, professional, or doctoral degree. It provides insight into the educational qualifications and skills available in the state's labor market, which is a key factor in economic and workforce development analysis.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
The bachelor's degree attainment rate is widely used to assess a state's human capital and innovation potential, informing economic policies and business investment decisions.
Key Facts
- Utah's bachelor's degree or higher attainment rate is 34.3% as of the latest data.
- This is higher than the national average of 32.1%.
- The share has increased from 27.7% in 2010.
FAQs
Q: What does this economic trend measure?
A: The 'Bachelor's Degree or Higher for Utah' trend measures the percentage of adults aged 25 and over in the state of Utah who have earned a bachelor's degree or higher level of education.
Q: Why is this trend relevant for users or analysts?
A: This statistic is important for understanding the educational qualifications and skills available in Utah's labor force, which is a key factor for economic development, workforce planning, and business investment decisions.
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: The bachelor's degree attainment rate is widely used by policymakers, economists, and businesses to assess a state's human capital and innovation potential, informing economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current state of educational attainment in Utah.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher for Utah (GCT1502UT), retrieved from FRED.