Bachelor's Degree or Higher (5-year estimate) in Ontonagon County, MI
HC01ESTVC1726131 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.70
Year-over-Year Change
-1.18%
Date Range
1/1/2010 - 1/1/2023
Summary
Tracks higher education attainment in Ontonagon County, Michigan. Provides crucial insights into advanced educational achievement in a rural community.
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 demographic indicator measures the percentage of residents aged 25 and older with a bachelor's degree or higher. It reflects advanced educational capabilities.
Methodology
Data collected through U.S. Census Bureau's American Community Survey 5-year estimates.
Historical Context
Used by economic planners to assess workforce skills and potential for knowledge-based industries.
Key Facts
- Indicates advanced educational levels
- Reflects potential for skilled workforce
- Important for economic competitiveness
FAQs
Q: What does bachelor's degree data reveal about Ontonagon County?
A: Shows the proportion of residents with advanced education, indicating potential for knowledge-intensive economic activities.
Q: How frequently is this data updated?
A: Updated through 5-year American Community Survey estimates by the U.S. Census Bureau.
Q: Why track bachelor's degree attainment?
A: Provides insights into human capital, workforce skills, and potential for economic innovation.
Q: How might this data impact local economic development?
A: Helps identify educational strengths and potential areas for workforce and economic strategy.
Q: What are the data's potential limitations?
A: 5-year estimate may not capture most recent educational trends or changes.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (HC01ESTVC1726131), retrieved from FRED.