90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Idaho
PECILBAAID16000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185,796.00
Year-over-Year Change
-25.12%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimate of the percentage of people of all ages living in poverty in Idaho. It provides important insights into the state's poverty levels and helps inform policymakers and analysts.
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 of Estimate of People of All Ages in Poverty for Idaho represents the lower end of the range within which the true poverty rate in the state is likely to fall, with 90% confidence. This metric is used to assess the scale and distribution of poverty and guide social welfare programs and economic development initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is closely monitored by policymakers, economists, and social service providers to understand the economic well-being of Idaho's population and inform decision-making.
Key Facts
- The lower bound of the 90% confidence interval for Idaho's poverty rate was 10.7% in 2021.
- Poverty rates tend to be higher in rural areas of Idaho compared to urban centers.
- The poverty rate in Idaho is below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimate of the percentage of people of all ages living in poverty in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the scale and distribution of poverty in Idaho, which is crucial for informing social welfare programs, economic development initiatives, and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and social service providers to understand the economic well-being of Idaho's population and guide decision-making.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be a lag in the most recent updates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Idaho (PECILBAAID16000A647NCEN), retrieved from FRED.