90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Alabama
PPCILB0T4AL01000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.60
Year-over-Year Change
-28.24%
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 under age 5 living in poverty in Alabama. It provides insight into child poverty levels 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 lower bound of the 90% confidence interval for the percent of people under 5 in poverty in Alabama is a statistical estimate used to gauge the severity of child poverty in the state. It helps policymakers and researchers understand the minimum level of poverty among young children.
Methodology
The data is calculated from survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
This metric informs poverty-reduction initiatives and socioeconomic analyses at the state level.
Key Facts
- Poverty disproportionately affects young children in Alabama.
- The lower bound estimate indicates a minimum level of child poverty in the state.
- Reducing child poverty is a key priority for policymakers in Alabama.
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 under age 5 living in poverty in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the severity of child poverty in Alabama, which is crucial for informing poverty-reduction policies and understanding socioeconomic conditions in the state.
Q: How is this data collected or calculated?
A: The data is calculated from survey responses and statistical modeling by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric informs poverty-reduction initiatives and socioeconomic analyses at the state level in Alabama.
Q: Are there update delays or limitations?
A: There may be lags in data availability and potential sampling or modeling limitations inherent in survey-based estimates.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Alabama (PPCILB0T4AL01000A156NCEN), retrieved from FRED.