Bachelor's Degree or Higher (5-year estimate) in Allen County, IN
HC01ESTVC1718003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.10
Year-over-Year Change
18.25%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of the population in Allen County, Indiana who have earned a bachelor's degree or higher. It provides important insights into the educational attainment and human capital 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 Allen County, IN' statistic represents the share of the adult population in this county who have completed a four-year college degree or more advanced education. This data point is a key indicator of the skill and knowledge levels in the local labor market.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey and calculated as a 5-year average estimate.
Historical Context
Policymakers and business leaders use this metric to understand the educational profile of the local workforce and make informed decisions about economic development, talent attraction, and skills training.
Key Facts
- Allen County's bachelor's degree or higher rate is 27.6% (2016-2020 estimate).
- This is slightly below the national average of 32.9% for the same period.
- Educational attainment is a key factor in regional economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the adult population in Allen County, Indiana that has earned a bachelor's degree or higher level of educational attainment.
Q: Why is this trend relevant for users or analysts?
A: The bachelor's degree attainment rate is an important indicator of the skill level and human capital available in the local workforce, which is crucial for economic development, talent attraction, and strategic planning.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey and calculated as a 5-year average estimate.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders use this metric to understand the educational profile of the local workforce and make informed decisions about economic development, talent attraction, and skills training programs.
Q: Are there update delays or limitations?
A: The 5-year American Community Survey estimates are updated annually, but there is a lag of several years before the latest data becomes available.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Allen County, IN (HC01ESTVC1718003), retrieved from FRED.