People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Delaware
GCT1503DE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.50
Year-over-Year Change
32.48%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the percentage of people aged 25 and older in Delaware who have completed a graduate or professional degree. It is an important indicator of educational attainment and can inform policymakers and analysts about the state's human capital.
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
The 'People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Delaware' trend represents the share of the adult population in Delaware that has earned an advanced academic degree beyond a bachelor's. This metric is widely used to assess a state's educational and economic competitiveness.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend helps policymakers and businesses understand the skill level of Delaware's workforce and can inform decisions around economic development, education, and talent attraction.
Key Facts
- In 2020, 13.5% of adults in Delaware had a graduate or professional degree.
- Delaware ranked 29th among U.S. states for the share of adults with an advanced degree in 2020.
- The national average for adults with a graduate or professional degree was 13.1% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 25 and older in Delaware who have completed a graduate or professional degree, such as a master's, doctorate, or professional certification.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the educational attainment and skill level of Delaware's workforce, which can inform decisions around economic development, talent attraction, and education policy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey, a nationwide survey that gathers information on various demographic and economic characteristics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses can use this trend to assess Delaware's competitiveness in attracting and retaining highly educated workers, which is crucial for fostering innovation and economic growth.
Q: Are there update delays or limitations?
A: The data is typically released annually with a 1-2 year lag, and may be subject to sampling and non-sampling errors inherent in survey data collection.
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Citation
U.S. Federal Reserve, People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Delaware (GCT1503DE), retrieved from FRED.