Bachelor's Degree or Higher (5-year estimate) in Woodward County, OK
HC01ESTVC1740153 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.60
Year-over-Year Change
23.43%
Date Range
1/1/2010 - 1/1/2023
Summary
This trend measures the percentage of the population in Woodward County, Oklahoma that has attained a bachelor's degree or higher. It provides valuable insights into the educational attainment of the local workforce and can inform economic development strategies.
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 Woodward County, OK measures the proportion of the county's population aged 25 and over that has completed a bachelor's degree or higher level of education. This statistic is an important indicator of the skills and qualifications of the local labor force, which is a key consideration for businesses and policymakers.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey (ACS) and represents a 5-year average estimate.
Historical Context
Trends in educational attainment are closely monitored by economic development agencies and policymakers to understand the quality of the local workforce and support targeted initiatives.
Key Facts
- Woodward County, OK has a bachelor's degree or higher attainment rate of XX.X%.
- The county's educational attainment is XX.X percentage points below the national average.
- Trends in bachelor's degree or higher attainment can impact local economic growth and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population in Woodward County, Oklahoma that has attained a bachelor's degree or higher level of education.
Q: Why is this trend relevant for users or analysts?
A: The educational attainment of a local workforce is a key factor in economic development and business location decisions, making this statistic highly relevant for policymakers, employers, and economic analysts.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey (ACS) and represents a 5-year average estimate.
Q: How is this trend used in economic policy?
A: Trends in educational attainment are closely monitored by economic development agencies and policymakers to understand the quality of the local workforce and support targeted initiatives to attract and retain skilled talent.
Q: Are there update delays or limitations?
A: As a 5-year average estimate, this data may not reflect the most recent changes in educational attainment and can be subject to sampling variability.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Woodward County, OK (HC01ESTVC1740153), retrieved from FRED.