90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for North Carolina
PPCILB0T4NC37000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.50
Year-over-Year Change
-38.81%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percent of people under age 5 living in poverty in North Carolina. It provides insights 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 90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for North Carolina is a statistical measure used to assess the level of child poverty in the state. It represents the lower limit of the range within which the true poverty rate is expected to fall 90% of the time.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used by policymakers, researchers, and advocacy groups to understand the extent of child poverty in North Carolina and inform policy decisions.
Key Facts
- The 90% confidence interval lower bound was 16.2% in 2021.
- North Carolina's child poverty rate is higher than the national average.
- Reducing child poverty is a key policy priority in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percent of people under age 5 living in poverty in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the extent of child poverty in North Carolina, which is important for policymakers, researchers, and advocacy groups to understand and address.
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 advocacy groups to understand the level of child poverty in North Carolina and inform policy decisions aimed at reducing poverty and improving social welfare.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological constraints of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for North Carolina (PPCILB0T4NC37000A156NCEN), retrieved from FRED.