90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for North Dakota
PECILBAAND38000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,409.00
Year-over-Year Change
-5.64%
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 in North Dakota. It provides insight into the level of economic hardship and inequality within 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 Dakota represents the lowest plausible value for the state's poverty rate, given statistical uncertainty. This metric is used by policymakers and analysts to gauge the extent of financial distress and need for social programs.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty indicator helps inform state-level economic policies and resource allocation decisions.
Key Facts
- North Dakota's poverty rate is among the lowest in the U.S.
- The 90% confidence interval accounts for statistical uncertainty in the poverty estimate.
- Policymakers use this metric to target anti-poverty initiatives in the state.
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 in North Dakota. It provides insight into the level of economic hardship and inequality within the state.
Q: Why is this trend relevant for users or analysts?
A: This poverty indicator helps inform state-level economic policies and resource allocation decisions by policymakers and analysts.
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 metric is used by policymakers to gauge the extent of financial distress and need for social programs in North Dakota.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and statistical limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for North Dakota (PECILBAAND38000A647NCEN), retrieved from FRED.