SNAP Benefits Recipients in Foster County, ND
CBR38031NDA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193.00
Year-over-Year Change
6.04%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Foster County, ND' trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Foster County, North Dakota. This is an important economic indicator for policymakers and social service providers assessing food security and poverty levels in the region.
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
This metric tracks the total number of SNAP benefit recipients, formerly known as food stamps, in Foster County, North Dakota. SNAP is a federal program that provides financial assistance to low-income individuals and families to purchase eligible food items. Analyzing SNAP usage data can provide insights into the economic conditions and social welfare needs of a local community.
Methodology
The data is collected through state and federal administration of the SNAP program.
Historical Context
SNAP participation rates are closely monitored by policymakers, economists, and social service organizations to inform decisions around public assistance, food security, and poverty alleviation initiatives.
Key Facts
- SNAP benefits help low-income families afford nutritious food.
- Foster County has a population of approximately 12,000 residents.
- SNAP participation rates are a key indicator of economic hardship in a community.
FAQs
Q: What does this economic trend measure?
A: The 'SNAP Benefits Recipients in Foster County, ND' trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Foster County, North Dakota.
Q: Why is this trend relevant for users or analysts?
A: Analyzing SNAP usage data can provide insights into the economic conditions and social welfare needs of the local community, which is useful for policymakers, economists, and social service organizations.
Q: How is this data collected or calculated?
A: The data is collected through state and federal administration of the SNAP program.
Q: How is this trend used in economic policy?
A: SNAP participation rates are closely monitored by policymakers, economists, and social service organizations to inform decisions around public assistance, food security, and poverty alleviation initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the regular reporting schedule and potential administrative delays of the SNAP program.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Foster County, ND (CBR38031NDA647NCEN), retrieved from FRED.