90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for North Carolina
PECILBAANC37000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,325,459.00
Year-over-Year Change
-19.62%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated poverty rate for people of all ages in North Carolina. It provides important insights into the extent and distribution of poverty 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 North Carolina represents the lower limit of the statistical uncertainty around the estimated poverty rate. This metric helps policymakers and researchers understand the scale and precision of poverty data for North Carolina.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Historical Context
This poverty indicator is used by governments, nonprofits, and analysts to assess the economic well-being of North Carolina residents and inform policy decisions.
Key Facts
- The lower bound was 12.7% in 2020.
- Poverty disproportionately affects certain demographic groups in North Carolina.
- The state's poverty rate is higher than 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 estimated poverty rate for people of all ages in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and distribution of poverty in North Carolina, which is crucial for informing policy decisions and resource allocation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This poverty indicator is used by governments, nonprofits, and analysts to assess the economic well-being of North Carolina residents and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to survey and modeling limitations, and may have update delays.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for North Carolina (PECILBAANC37000A647NCEN), retrieved from FRED.