90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Ohio
PECILBAAOH39000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,492,381.00
Year-over-Year Change
-17.61%
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 people of all ages living in poverty in Ohio. It provides insight into the state's poverty levels and can inform policymakers and economists in assessing economic well-being.
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 Ohio represents the lower end of the statistically significant range for the poverty rate in the state. This metric helps analysts understand the degree of uncertainty around poverty estimates and monitor trends over time.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used by policymakers, researchers, and economists to evaluate the economic conditions and social welfare programs in Ohio.
Key Facts
- The lower bound represents the minimum poverty rate that can be statistically supported.
- This metric helps assess the economic vulnerability of Ohio's population.
- Poverty data informs the allocation of social services and anti-poverty programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimate of people of all ages living in poverty in Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the degree of uncertainty around poverty estimates in Ohio, which is crucial for policymakers and economists to assess economic well-being and the effectiveness of social welfare programs.
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: Policymakers, researchers, and economists use this trend to evaluate the economic conditions and social welfare programs in Ohio.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the American Community Survey.
Related Trends
All Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Ohio
SMU39000003133200001SA
All Employees: Professional and Business Services: Computer Systems Design and Related Services in Ohio
SMU39000006054150001SA
All Employees: Retail Trade: Building Material and Supplies Dealers in Ohio
SMU39000004244410001SA
All Employees: Construction in Ohio
OHCONS
Number of Identified Exporters to Belgium from Ohio
OHBELA475SCEN
Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Ohio
SMU39000003200000030
Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Ohio (PECILBAAOH39000A647NCEN), retrieved from FRED.