SNAP Benefits Recipients in New Hanover County, NC
CBR37129NCA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,123.00
Year-over-Year Change
8.70%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in New Hanover County, North Carolina. It provides insight into the level of food insecurity and economic well-being in the local area.
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 New Hanover County, NC trend tracks the total number of people enrolled in the federal SNAP program within this specific county. SNAP is a crucial social safety net program that helps low-income households afford groceries and maintain adequate nutrition.
Methodology
The data is collected and reported by the U.S. Department of Agriculture, which administers the SNAP program.
Historical Context
Policymakers and economists analyze SNAP enrollment data to assess the economic conditions and need for food assistance in local communities.
Key Facts
- SNAP benefits provide low-income families with funds to purchase groceries.
- New Hanover County is located in southeastern North Carolina.
- SNAP enrollment data is a key indicator of economic hardship in local areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in New Hanover County, North Carolina.
Q: Why is this trend relevant for users or analysts?
A: SNAP enrollment data provides insight into the level of food insecurity and economic well-being in the local area, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Department of Agriculture, which administers the SNAP program.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze SNAP enrollment data to assess the economic conditions and need for food assistance in local communities.
Q: Are there update delays or limitations?
A: The SNAP benefits data is published regularly by the U.S. Department of Agriculture, but may have some delays in reporting.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in New Hanover County, NC (CBR37129NCA647NCEN), retrieved from FRED.