90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Louisiana
PPCILBAALA22000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.50
Year-over-Year Change
-7.96%
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 of all ages living in poverty in Louisiana. It provides an important statistical range to assess the scale and uncertainty of 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 for the poverty rate estimate in Louisiana represents the lower end of the plausible range for the true poverty rate, with 90% confidence that the actual rate falls at or above this value. This metric is used by policymakers and analysts to gauge the severity of poverty and shape targeted anti-poverty initiatives.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This poverty rate metric informs economic and social policy decisions at the state level.
Key Facts
- The 90% confidence interval lower bound was 18.0% in 2020.
- Louisiana has consistently ranked among the states with the highest poverty rates.
- Reducing poverty is a key priority for policymakers in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the lower bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: The confidence interval provides a statistical range to assess the scale and uncertainty of poverty levels, informing policymakers and analysts on the severity of the issue in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: This poverty rate metric informs economic and social policy decisions at the state level in Louisiana.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and the confidence interval reflects the inherent statistical uncertainty in the poverty rate estimate.
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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 Louisiana (PPCILBAALA22000A156NCEN), retrieved from FRED.