SNAP Benefits Recipients in Hidalgo County, NM
CBR35023NMA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,090.00
Year-over-Year Change
-6.60%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) recipients in Hidalgo County, New Mexico. Understanding SNAP participation levels is crucial for policymakers and economists analyzing social welfare programs and regional economic conditions.
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 SNAP Benefits Recipients in Hidalgo County, NM trend tracks the total number of individuals receiving federal SNAP benefits in this specific county within New Mexico. SNAP is a major social safety net program that provides food assistance to low-income households, making this data highly relevant for assessing economic hardship and the efficacy of social programs.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys and administrative records.
Historical Context
This metric is used by government agencies, think tanks, and researchers to evaluate the economic well-being of local communities and the performance of SNAP in supporting disadvantaged populations.
Key Facts
- Hidalgo County has a population of around 4,500 people.
- Over 20% of Hidalgo County residents receive SNAP benefits.
- SNAP participation in the county has increased by 15% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Hidalgo County, New Mexico.
Q: Why is this trend relevant for users or analysts?
A: Understanding SNAP participation levels in Hidalgo County is crucial for policymakers and economists analyzing social welfare programs and regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric is used by government agencies, think tanks, and researchers to evaluate the economic well-being of local communities and the performance of SNAP in supporting disadvantaged populations.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not reflect the most recent changes in SNAP enrollment in Hidalgo County.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Hidalgo County, NM (CBR35023NMA647NCEN), retrieved from FRED.