90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Virginia
PPCILBAAVA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-12.28%
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 Virginia across all age groups. It provides a robust statistical estimate of the minimum poverty level 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 represents the lowest plausible value for the true poverty rate, based on survey data and statistical modeling. This metric helps policymakers and analysts understand the scale and potential range of poverty in Virginia.
Methodology
The data is calculated from U.S. Census Bureau survey responses using statistical methods to derive reliable poverty estimates and confidence intervals.
Historical Context
This poverty trend is used to inform social welfare policies and resource allocation decisions at the state level.
Key Facts
- The current lower bound is X.X%.
- Virginia's poverty rate has decreased by Y% over the past 10 years.
- Poverty disproportionately affects Z 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 poverty rate in Virginia across all age groups. It provides a robust statistical estimate of the minimum poverty level in the state.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval lower bound helps policymakers and analysts understand the scale and potential range of poverty in Virginia, informing social welfare policies and resource allocation decisions at the state level.
Q: How is this data collected or calculated?
A: The data is calculated from U.S. Census Bureau survey responses using statistical methods to derive reliable poverty estimates and confidence intervals.
Q: How is this trend used in economic policy?
A: This poverty trend is used to inform social welfare policies and resource allocation decisions at the state level in Virginia.
Q: Are there update delays or limitations?
A: The data is updated annually with a release delay of approximately X months. Sampling and modeling limitations may affect the precision of the confidence interval estimates.
Related Trends
Chain-Type Quantity Index for Real GDP: Furniture and Related Product Manufacturing (337) in Virginia
VAFURNMANQGSP
Coefficient for Industrial Carbon Dioxide Emissions, Industrial Other for Virginia
EMISSCO2CCLICBVAA
Residential Carbon Dioxide Emissions, Petroleum for Virginia
EMISSCO2TOTVRCPEVAA
Number of Identified Exporters to Hungary from Virginia
VAHUNA475SCEN
Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Virginia
VAPLASRUBMANNGSP
Housing Inventory: Median Days on Market Month-Over-Month in Virginia
MEDDAYONMARMMVA
Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Virginia (PPCILBAAVA51000A156NCEN), retrieved from FRED.