People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Utah
GCT1503UT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.80
Year-over-Year Change
42.27%
Date Range
1/1/2006 - 1/1/2023
Summary
The 'People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Utah' measures the percentage of adults in Utah who have earned a graduate or professional degree. This metric is crucial for assessing the state's educational attainment and 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
This data series tracks the share of the adult population in Utah who have completed a master's, doctoral, or professional degree. It provides insights into the educational composition and advanced skills of the state's workforce, which is valuable for policymakers, employers, and economic analysts.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in graduate degree attainment can inform decisions around workforce development, economic competitiveness, and higher education policies.
Key Facts
- In 2020, 12.4% of adults in Utah had a graduate or professional degree.
- Utah's graduate degree attainment rate is lower than the national average of 13.1%.
- The share of Utahns with advanced degrees has increased by 2 percentage points since 2010.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the percentage of adults aged 25 and older in Utah who have earned a master's, doctoral, or professional degree.
Q: Why is this trend relevant for users or analysts?
A: The share of the population with graduate-level education is an important indicator of a state's human capital and workforce skills, which can inform decisions around economic development, education policy, and talent attraction.
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: Trends in graduate degree attainment can help policymakers, educators, and employers assess the state's competitiveness and shape decisions around workforce development, higher education funding, and talent attraction.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to sampling and estimation error due to the survey methodology.
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Citation
U.S. Federal Reserve, People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Utah (GCT1503UT), retrieved from FRED.