90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Washington
PECILBU18WA53000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186,017.00
Year-over-Year Change
-32.77%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Washington state. It provides insight into the economic well-being of young individuals in the region.
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 Washington represents a statistically derived value that indicates the lower limit of the range within which the true poverty rate for this demographic is likely to fall, with 90% confidence. This metric is used by economists and policymakers to assess the economic vulnerability of children and adolescents in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau through household surveys.
Historical Context
This trend is relevant for informing social welfare policies and programs targeted at supporting low-income families and children in Washington.
Key Facts
- The current value is X.X%.
- This metric has trended downward over the past Y years.
- The national average for this indicator is Z.Z%.
FAQs
Q: What does this economic trend measure?
A: This trend 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 Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic well-being of young individuals in Washington and can inform social welfare policies and programs targeted at supporting low-income families and children in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through household surveys.
Q: How is this trend used in economic policy?
A: This trend is relevant for informing social welfare policies and programs targeted at supporting low-income families and children in Washington.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the time required for the Census Bureau to collect and process the underlying survey information.
Related Trends
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Washington
SMU53000003133600001SA
All Employees: State Government in Washington
SMU53000009092000001A
Educational Services Earnings in Washington
WAEEDU
Chain-Type Quantity Index for Real GDP: Construction (23) in Washington
WACONSTQGSP
Real Gross Domestic Product: Support Activities for Mining (213) in Washington
WASAMINRGSP
All Employees: Mining and Logging: Logging in Washington
SMU53000001011330001
Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Washington (PECILBU18WA53000A647NCEN), retrieved from FRED.