90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Utah
PPCIUB0T4UT49000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.70
Year-over-Year Change
-45.41%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend estimates the upper bound of the 90% confidence interval for the percent of people under age 5 living in poverty in Utah. It provides insight into child poverty levels and economic security 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 Upper Bound for Percent of People Under Age 5 in Poverty for Utah is a statistical metric that helps quantify the uncertainty around estimates of child poverty in the state. It represents the upper limit of the range where the true poverty rate is likely to fall, with 90% confidence.
Methodology
This data is calculated from survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess economic conditions and need for social services and family support programs.
Key Facts
- The 2021 upper bound estimate was 17.4%.
- Utah's child poverty rate is below the national average.
- Poverty disproportionately impacts certain demographic groups in the state.
FAQs
Q: What does this economic trend measure?
A: This metric estimates the upper bound of the 90% confidence interval for the percent of people under age 5 living in poverty in Utah.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into economic security and child poverty levels in the state, which is important for policymakers and social service planning.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau from survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess economic conditions and target resources for family support and anti-poverty programs.
Q: Are there update delays or limitations?
A: The data has a lag of about one year and may not fully capture rapid changes in economic conditions.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Utah (PPCIUB0T4UT49000A156NCEN), retrieved from FRED.