90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Arkansas
PPCILBAAAR05000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-20.63%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated poverty rate in Arkansas. It provides important insights into the range of poverty levels across 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 of All Ages in Poverty for Arkansas represents the lower end of the statistical uncertainty around the state's poverty estimate. This metric helps policymakers and researchers understand the potential scale and distribution of poverty within Arkansas.
Methodology
The data is calculated by the U.S. Census Bureau using survey sampling methods.
Historical Context
This trend informs poverty alleviation policies and resource allocation decisions at the state level.
Key Facts
- The 2021 lower bound was 15.3%.
- Poverty has remained a persistent challenge in Arkansas.
- The confidence interval helps quantify uncertainty in the poverty estimate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated poverty rate in Arkansas. It provides a statistical range for the state's poverty level.
Q: Why is this trend relevant for users or analysts?
A: The confidence interval around the poverty estimate is crucial for understanding the potential scale and distribution of poverty within the state, informing policymaking and resource allocation decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey sampling methods.
Q: How is this trend used in economic policy?
A: This trend informs poverty alleviation policies and resource allocation decisions at the state level in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to survey sampling limitations and may have update delays consistent with other Census Bureau poverty estimates.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Arkansas (PPCILBAAAR05000A156NCEN), retrieved from FRED.