90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Maine
PECILBAAME23000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135,779.00
Year-over-Year Change
-23.65%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend tracks the lower bound of the 90% confidence interval for the estimated poverty rate in Maine across all age groups. It provides insight into the state's economic conditions and helps policymakers and analysts assess program needs.
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 Maine represents the lower limit of the statistical range within which the true poverty rate in Maine is expected to fall 90% of the time. This metric is used to evaluate the uncertainty around poverty estimates and monitor economic vulnerability.
Methodology
The data is calculated based on survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
This trend is relevant for informing state and federal policy decisions related to social programs and economic development initiatives.
Key Facts
- The 90% confidence interval represents a statistical range, not a point estimate.
- This metric is updated annually by the U.S. Census Bureau.
- Poverty rates can inform policy decisions around social safety net programs.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the lower bound of the 90% confidence interval for the estimated poverty rate in Maine across all age groups.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic conditions and vulnerability in Maine, helping to inform policymaking and program needs.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This trend is relevant for informing state and federal policy decisions related to social programs and economic development initiatives.
Q: Are there update delays or limitations?
A: This metric is updated annually by the U.S. Census Bureau and may have a delay in availability.
Related Trends
Average Weekly Hours of All Employees: Total Private in Maine
SMU23000000500000002
Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Maine
METRANSWAREQGSP
Number of Identified Exporters to Austria from Maine
MEAUTA475SCEN
Coefficient for Transportation Carbon Dioxide Emissions, Residential for Maine
EMISSCO2CCLACBMEA
Average Weekly Hours of All Employees: Construction in Maine
SMU23000002000000002
Retail Trade Wages and Salaries in Maine
MEWRET
Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Maine (PECILBAAME23000A647NCEN), retrieved from FRED.