Economic Publications
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Indicator Insight
Volume: 5
Issue: 3
Published: Friday, May 8, 2015
Workforce quality and availability has become the most important location factor determining a region’s economic competitiveness/business climate. The relative significance of the workforce has increased over time as the U.S. economy transitions from the 20th century’s manufacturing-dominated economy to an economy driven more by technology and innovation. Educational attainment is a key measure of workforce quality.