90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Missouri
PECIUBAAMO29000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
741,155.00
Year-over-Year Change
-20.96%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the 90% confidence interval upper bound of the estimated poverty rate for all ages in Missouri. It provides important insights into the economic well-being and social conditions 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 upper bound of the poverty estimate for Missouri represents the upper limit of the range in which the true poverty rate is likely to fall, with 90% confidence. This metric helps policymakers and analysts assess the extent of economic hardship and target resources effectively.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used to inform economic and social policy decisions at the state and local levels.
Key Facts
- The 90% confidence interval upper bound of the poverty estimate for Missouri was 15.9% in 2020.
- This metric helps identify areas with the greatest economic need within the state.
- The data is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 90% confidence interval upper bound of the estimated poverty rate for all ages in Missouri. It provides insights into the extent of economic hardship in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, researchers, and analysts to assess the economic well-being of Missouri's population and target resources effectively to address 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 to inform economic and social policy decisions at the state and local levels in Missouri, helping to identify areas with the greatest economic need.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau, and there may be some delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Missouri (PECIUBAAMO29000A647NCEN), retrieved from FRED.