90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Louisiana
PECILBAALA22000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
820,715.00
Year-over-Year Change
-8.25%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated number of people of all ages living in poverty in Louisiana. It provides insight into the range of poverty levels 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 of Estimate of People of All Ages in Poverty for Louisiana represents the lowest plausible value for the number of individuals in Louisiana living below the poverty line, based on a statistical analysis with a 90% level of confidence.
Methodology
The data is collected and calculated by the U.S. Census Bureau using survey responses and income thresholds.
Historical Context
This trend is used by policymakers and economists to understand the scope of poverty in Louisiana and inform social welfare programs and economic development initiatives.
Key Facts
- The lower bound represents the minimum plausible number of people in poverty.
- The data is published annually by the U.S. Census Bureau.
- Poverty estimates help guide policy decisions and resource allocation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated number of people of all ages living in poverty in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the range of poverty levels in Louisiana, which is crucial information for policymakers and economists seeking to address economic inequality and develop effective social welfare programs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau using survey responses and income thresholds.
Q: How is this trend used in economic policy?
A: Poverty estimates like this trend are used by policymakers and economists to understand the scope of poverty in Louisiana and inform social welfare programs and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Census Bureau, so there may be a delay of up to a year before the latest information is available.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Louisiana (PECILBAALA22000A647NCEN), retrieved from FRED.