90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Alabama
PECIUBAAAL01000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
797,856.00
Year-over-Year Change
-12.62%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend represents the upper bound of the 90% confidence interval for the estimate of the percentage of people of all ages living in poverty in Alabama. It provides important insights into the economic well-being and social safety net programs 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 Upper Bound of Estimate of People of All Ages in Poverty for Alabama is a statistical measure that helps quantify the uncertainty around the poverty rate estimate for the state. This data point is used by policymakers, researchers, and analysts to understand the scale and distribution of poverty in Alabama.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for informing social and economic policies targeting poverty reduction in Alabama.
Key Facts
- The upper bound represents the highest possible value within the 90% confidence interval.
- Poverty data helps guide programs and policies to support low-income households.
- Trends in this metric can indicate changes in the economic well-being of Alabamians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the scale and distribution of poverty in Alabama, which is crucial for informing social and economic policies aimed at reducing poverty.
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 trend is used by policymakers, researchers, and analysts to understand the economic well-being and social safety net programs in Alabama.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Alabama (PECIUBAAAL01000A647NCEN), retrieved from FRED.