90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for North Carolina
PECIUBAANC37000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,378,177.00
Year-over-Year Change
-18.85%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimate of the number of people of all ages living in poverty in North Carolina. It provides important insights into the level of economic hardship and vulnerability 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 Estimate of People of All Ages in Poverty for North Carolina represents the upper limit of the statistical range in which the true population value is expected to fall with 90% confidence. This metric is used by economists and policymakers to understand the scale and distribution of poverty within the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for informing economic and social welfare policies in North Carolina.
Key Facts
- The trend reached its highest level of 1,333,000 in 2021.
- North Carolina's poverty rate is slightly above the national average.
- The data is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated number of people of all ages living in poverty in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and distribution of poverty within the state, which is crucial for informing economic and social welfare policies.
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 economists and policymakers to understand the level of economic hardship and vulnerability within North Carolina, which informs decision-making on social welfare programs and initiatives.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau, with a typical one-year delay in publication.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for North Carolina (PECIUBAANC37000A647NCEN), retrieved from FRED.