90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Alabama
PPCIUBAAAL01000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.10
Year-over-Year Change
-17.44%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in Alabama. It provides critical insights into the state's economic well-being and can inform policy decisions.
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 of Estimate of Percent of People of All Ages in Poverty for Alabama is a statistical measure that helps quantify the uncertainty around the poverty rate estimate for the state. It represents the upper limit of the range within which the true poverty rate is expected to fall with 90% confidence.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys and statistical modeling.
Historical Context
This trend is used by policymakers, economists, and stakeholders to assess the economic conditions and need for targeted interventions in Alabama.
Key Facts
- The upper bound represents the highest possible value of the poverty rate with 90% confidence.
- The trend can help identify areas with high economic vulnerability within Alabama.
- Policymakers use this data to allocate resources and design programs to address poverty in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides critical insights into the economic well-being of Alabama and can inform policy decisions aimed at addressing poverty in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and stakeholders use this trend to assess the economic conditions and need for targeted interventions in Alabama.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the U.S. Census Bureau's poverty estimates.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Alabama (PPCIUBAAAL01000A156NCEN), retrieved from FRED.