90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for North Carolina
PPCILBAANC37000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.60
Year-over-Year Change
-28.00%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimate of the percentage of people of all ages living in poverty in North Carolina. It provides insight into the economic well-being and hardship faced by North Carolina residents.
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 North Carolina represents the lower end of the range within which the true poverty rate is likely to fall, with 90% confidence. This metric is used by policymakers and economists to assess the scale and distribution of poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for understanding the economic conditions and social safety net needs in North Carolina.
Key Facts
- The lower bound of the 90% confidence interval was 13.9% in 2020.
- North Carolina's poverty rate is higher than the national average.
- Poverty disproportionately affects certain demographic groups 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 percentage of people of all ages living in poverty in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and distribution of poverty in North Carolina, which is important for policymakers and economists to understand the economic hardship faced by residents and the need for social programs.
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 and economists to assess the economic conditions and social welfare needs in North Carolina, informing decisions about social programs and interventions.
Q: Are there update delays or limitations?
A: The data is subject to the sampling and estimation limitations of the American Community Survey, and may have a delay of up to a year before being published.
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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 North Carolina (PPCILBAANC37000A156NCEN), retrieved from FRED.