90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for North Carolina
PECILB0T4NC37000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102,807.00
Year-over-Year Change
-41.98%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the 90% confidence interval lower bound of the estimate of people under age 5 living in poverty in North Carolina. It provides insights into the economic well-being of young children in the state.
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 90% confidence interval lower bound represents the lowest plausible value for the true poverty rate among North Carolinians under 5 years old, based on statistical sampling. This metric is used by policymakers and researchers to gauge the extent of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This trend informs discussions around social welfare programs and policies targeting child poverty.
Key Facts
- The 90% confidence interval lower bound was 17.7% in 2021.
- North Carolina had the 20th highest child poverty rate in the U.S. in 2021.
- Reducing child poverty is a key policy goal for many state and federal programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 90% confidence interval lower bound of the estimate of people under age 5 living in poverty in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the extent of child poverty in North Carolina, which is crucial for policymakers and researchers focused on improving economic outcomes for young children.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This trend informs discussions around social welfare programs and policies targeting child poverty in North Carolina.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the Current Population Survey.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for North Carolina (PECILB0T4NC37000A647NCEN), retrieved from FRED.