Bachelor's Degree or Higher (5-year estimate) in Summit County, CO
HC01ESTVC1708117 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.50
Year-over-Year Change
6.71%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of the population in Summit County, Colorado that has attained a bachelor's degree or higher level of educational attainment. It is an important indicator of the skill and knowledge base of the local workforce.
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 Bachelor's Degree or Higher (5-year estimate) in Summit County, CO data point represents the share of the county's total civilian noninstitutionalized population aged 25 and older who have completed a bachelor's degree or more advanced educational credential. This metric is used to analyze the educational profile and human capital of regional economies.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey (ACS) and calculated as a 5-year rolling average.
Historical Context
Policymakers and economists utilize this metric to assess the quality of the local labor force and inform workforce development initiatives.
Key Facts
- Summit County, CO has a bachelor's degree attainment rate of 47.4%.
- This is higher than the national average of 32.9%.
- The rate has increased by 3.2 percentage points over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population in Summit County, Colorado that has attained a bachelor's degree or higher level of educational attainment.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to analyze the educational profile and human capital of the regional economy, which is valuable information for policymakers and workforce development initiatives.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey (ACS) and calculated as a 5-year rolling average.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize this metric to assess the quality of the local labor force and inform workforce development initiatives.
Q: Are there update delays or limitations?
A: The 5-year ACS estimates are updated annually, with a 1-year lag in data availability.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Summit County, CO (HC01ESTVC1708117), retrieved from FRED.