Bachelor's Degree or Higher (5-year estimate) in McLennan County, TX
HC01ESTVC1748309 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.80
Year-over-Year Change
28.70%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of the population in McLennan County, Texas that has attained a bachelor's degree or higher level of education over a 5-year period. It provides 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) statistic is a key indicator of the educational profile and skills-based potential of a regional economy. It is used by policymakers, businesses, and researchers to understand local talent pools and inform economic and workforce development strategies.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in educational attainment can impact talent attraction, business investment, and economic growth at the county level.
Key Facts
- Over 30% of McLennan County residents have a bachelor's degree or higher.
- Educational attainment in the county exceeds the national average.
- The percentage with a bachelor's degree has risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population in McLennan County, Texas that has attained at least a bachelor's degree of education over a 5-year period.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insights into the educational profile and human capital of the local workforce, which is crucial for understanding regional economic competitiveness and informing economic and workforce development strategies.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in educational attainment can impact talent attraction, business investment, and economic growth at the county level, making this a key indicator for policymakers and economic development organizations.
Q: Are there update delays or limitations?
A: The 5-year estimates are subject to a 1-year data lag, but provide a more stable and representative picture of the local population compared to single-year data.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in McLennan County, TX (HC01ESTVC1748309), retrieved from FRED.