Bachelor's Degree or Higher (5-year estimate) in Lake County, FL
HC01ESTVC1712069 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.80
Year-over-Year Change
33.33%
Date Range
1/1/2010 - 1/1/2023
Summary
Measures educational attainment for residents with bachelor's degrees in Lake County, Florida. Provides critical insight into local human capital and workforce development.
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 trend tracks the percentage of adults aged 25 and older with a bachelor's degree or higher. It reflects educational opportunities and economic potential in the region.
Methodology
Data collected through U.S. Census Bureau's American Community Survey 5-year estimates.
Historical Context
Used by policymakers and economic developers to assess workforce education levels.
Key Facts
- Indicates local workforce skill levels
- Helps predict economic growth potential
- Reflects educational infrastructure quality
FAQs
Q: What does this educational data mean for Lake County?
A: It reveals the percentage of residents with advanced education, indicating workforce capabilities and potential economic development.
Q: How often is this data updated?
A: The 5-year estimate provides a comprehensive view of educational trends, updated periodically by the Census Bureau.
Q: Why is bachelor's degree attainment important?
A: Higher education levels correlate with increased economic opportunities and higher-paying job prospects.
Q: How can this data be used by local governments?
A: It helps in strategic planning for education, workforce development, and economic growth initiatives.
Q: What are the limitations of this data?
A: It's a 5-year estimate and may not capture most recent educational changes precisely.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (HC01ESTVC1712069), retrieved from FRED.