90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Maine
PPCILBAAME23000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-27.01%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the percent of people of all ages living in poverty in Maine. It provides insights into the scale and distribution of poverty 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 of All Ages in Poverty for Maine is a statistical measure used by economists and policymakers to understand the level of poverty in the state. It represents the lower end of the plausible range for the true poverty rate.
Methodology
The data is collected through the U.S. Census Bureau's annual poverty estimates.
Historical Context
This trend is relevant for informing policy decisions and social programs aimed at addressing poverty in Maine.
Key Facts
- The lower bound is a conservative estimate of the true poverty rate.
- Poverty rates can vary significantly by region within a state.
- The data is updated annually based on the latest census surveys.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the percent of people of all ages living in poverty in Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a conservative estimate of the poverty rate in Maine, which is important for informing social policies and programs aimed at addressing economic hardship in the state.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual poverty estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to understand the scale and distribution of poverty in Maine, which informs decisions about social programs and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is updated annually, so there may be a delay of up to a year between the reference period and the latest available data.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Maine (PPCILBAAME23000A156NCEN), retrieved from FRED.