People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Minnesota
GCT1503MN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
33.33%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Minnesota' measures the percentage of adults in Minnesota who have attained an advanced degree beyond a bachelor's.
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 economic indicator provides insight into the educational attainment and skills of Minnesota's adult population. It is used by policymakers, employers, and researchers to assess the state's human capital and talent pool.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Tracking graduate degree attainment is important for understanding workforce development and economic competitiveness in Minnesota.
Key Facts
- In 2021, 14.2% of adults in Minnesota had a graduate or professional degree.
- Minnesota ranks 9th among U.S. states for the share of adults with an advanced degree.
- The national average for graduate degree attainment is 13.2%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of people aged 25 and older in Minnesota who have completed a graduate or professional degree beyond a bachelor's.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the educational attainment and skills of Minnesota's workforce, which informs policymaking, workforce development, and economic competitiveness.
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, employers, and researchers use this data to assess Minnesota's human capital and talent pool, informing decisions around workforce development, education, and economic strategies.
Q: Are there update delays or limitations?
A: The data is published annually, with the most recent figures available for 2021.
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Citation
U.S. Federal Reserve, People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Minnesota (GCT1503MN), retrieved from FRED.