Bachelor's Degree or Higher (5-year estimate) in Woodford County, KY
HC01ESTVC1721239 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.70
Year-over-Year Change
37.17%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of the population in Woodford County, Kentucky who hold a bachelor's degree or higher based on 5-year American Community Survey estimates. Understanding educational attainment is crucial for policymakers and analysts assessing community development and workforce readiness.
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 Woodford County, KY metric tracks the proportion of the local population aged 25 and over who have completed a bachelor's degree or more advanced degree. This statistic is a key indicator of human capital and educational outcomes in the region.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey, a nationwide survey of households.
Historical Context
Trends in educational attainment help inform policy decisions around public investment, workforce development, and economic planning.
Key Facts
- Woodford County, KY has a population of around 26,000 residents.
- The 5-year average bachelor's degree or higher rate is 44.7% as of the latest data.
- Educational attainment in Woodford County exceeds the national average of 32.1%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population in Woodford County, Kentucky aged 25 and over who have earned a bachelor's degree or higher level of education.
Q: Why is this trend relevant for users or analysts?
A: Educational attainment is a crucial indicator of human capital and workforce readiness, helping inform economic development strategies and public policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey, a nationwide survey of households.
Q: How is this trend used in economic policy?
A: Trends in bachelor's degree attainment help guide decisions around public investment in education, workforce training programs, and economic planning for the Woodford County region.
Q: Are there update delays or limitations?
A: The 5-year estimates are published on a rolling basis, with a 1-year lag between the survey period and data release.
Similar HC01ESTVC Trends
High School Graduate or Higher (5-year estimate) in Marlboro County, SC
HC01ESTVC1645069
Bachelor's Degree or Higher (5-year estimate) in Waushara County, WI
HC01ESTVC1755137
Bachelor's Degree or Higher (5-year estimate) in Kaufman County, TX
HC01ESTVC1748257
High School Graduate or Higher (5-year estimate) in Kimble County, TX
HC01ESTVC1648267
High School Graduate or Higher (5-year estimate) in Perry County, MS
HC01ESTVC1628111
Bachelor's Degree or Higher (5-year estimate) in Holmes County, FL
HC01ESTVC1712059
Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Woodford County, KY (HC01ESTVC1721239), retrieved from FRED.