Bachelor's Degree or Higher (5-year estimate) in Magoffin County, KY
HC01ESTVC1721153 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.20
Year-over-Year Change
40.43%
Date Range
1/1/2010 - 1/1/2023
Summary
Measures educational attainment for residents with bachelor's degrees in Magoffin County, Kentucky. Provides critical insight into local human capital and economic development potential.
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 educational demographic trend tracks the percentage of adults holding bachelor's degrees in a specific county. It reflects local educational achievement and workforce capabilities.
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 educational capacity
- Helps predict economic growth potential
- Reflects community investment in higher education
FAQs
Q: What does this educational data mean for Magoffin County?
A: It shows the percentage of adults with bachelor's degrees, indicating workforce education levels and potential economic development.
Q: How is this educational data collected?
A: Through the U.S. Census Bureau's American Community Survey using comprehensive 5-year estimates.
Q: Why is bachelor's degree attainment important?
A: Higher education levels correlate with increased economic opportunities and potential for local economic growth.
Q: Can this data help local economic planning?
A: Yes, it provides insights for workforce development, education policy, and economic strategy.
Q: How often is this data updated?
A: The 5-year estimate is updated periodically by the U.S. Census Bureau to reflect current educational trends.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (HC01ESTVC1721153), retrieved from FRED.