90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Alabama
PECILBU18AL01000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
226,963.00
Year-over-Year Change
-23.92%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Alabama. It provides important insights into the state's child poverty levels.
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 Age 0-17 in Poverty for Alabama is a key metric used by economists and policymakers to assess the scale and severity of child poverty in the state. It represents the lower range of the estimated share of minors living below the poverty line.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its annual poverty surveys.
Historical Context
This trend is crucial for informing public assistance programs and economic development initiatives targeting Alabama's most vulnerable populations.
Key Facts
- The latest value for this indicator is X.X%.
- Alabama's child poverty rate is higher than the national average.
- This metric has trended downward over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and severity of child poverty in Alabama, which is crucial information for guiding economic development initiatives and social assistance programs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through its annual poverty surveys.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to inform public assistance programs and economic development initiatives targeting Alabama's most vulnerable populations.
Q: Are there update delays or limitations?
A: The data is released annually with a delay of approximately one year.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Alabama (PECILBU18AL01000A647NCEN), retrieved from FRED.