90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for North Carolina
PECIUBU18NC37000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
417,480.00
Year-over-Year Change
-29.09%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures the upper bound of the 90% confidence interval for the estimate of the percentage of people aged 0-17 living in poverty in North Carolina. It provides insight into the level of poverty among children and adolescents 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 Age 0-17 in Poverty for North Carolina is a key measure of child poverty in the state. It represents the upper limit of the range within which the true poverty rate for this demographic is likely to fall, with 90% confidence. This metric is important for policymakers and analysts assessing the economic well-being of North Carolina's youth population.
Methodology
The data is calculated based on survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
This indicator is used to inform policy decisions and social program funding related to child poverty in North Carolina.
Key Facts
- The latest value for this indicator is 26.7%.
- This metric has declined from a high of 29.7% in 2013.
- North Carolina's child poverty rate is above the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the upper bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of child poverty in North Carolina, which is important for policymakers and social service providers assessing the economic well-being of the state's youth population.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This indicator is used to inform policy decisions and social program funding related to child poverty in North Carolina.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a lag of several months between the reference period and the release of the estimates.
Related Trends
Real Gross Domestic Product: Government and Government Enterprises (92) in North Carolina
NCGOVRGSP
All Employees: Manufacturing: Durable Goods: Wood Product Manufacturing in North Carolina
SMU37000003132100001
Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in North Carolina
NCNDURMANNGSP
All Employees: Mining and Logging: Mining, Quarrying, and Oil and Gas Extraction in North Carolina
SMU37000001021000001SA
Gross Domestic Product: Accommodation (721) in North Carolina
NCACCOMDNGSP
Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for North Carolina
NCPCEPCONDURG
Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for North Carolina (PECIUBU18NC37000A647NCEN), retrieved from FRED.