Poverty Universe, All Ages for Nez Perce County, ID
PUAAID16069A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,833.00
Year-over-Year Change
8.74%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe, which includes the total population of all ages in Nez Perce County, Idaho. It is an important metric for understanding economic well-being and informing public 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 poverty universe represents the total population residing in Nez Perce County, Idaho, regardless of income level. This statistic is used by economists and policymakers to analyze poverty rates and trends within the county, which can inform social programs and community development initiatives.
Methodology
The data is collected by the U.S. Census Bureau through household surveys and compiled into this comprehensive measure.
Historical Context
Trends in the poverty universe are closely monitored by local and state governments to assess the economic conditions and needs of the Nez Perce County population.
Key Facts
- Nez Perce County has a population of over 40,000 people.
- The poverty universe includes individuals of all ages, not just those below the poverty line.
- This statistic is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population, or 'poverty universe', of all ages residing in Nez Perce County, Idaho, regardless of income level.
Q: Why is this trend relevant for users or analysts?
A: The poverty universe is an important metric for understanding the overall economic well-being and needs of the Nez Perce County population, which can inform social programs and community development initiatives.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through household surveys and compiled into this comprehensive measure.
Q: How is this trend used in economic policy?
A: Trends in the poverty universe are closely monitored by local and state governments to assess the economic conditions and needs of the Nez Perce County population, which can inform policy decisions.
Q: Are there update delays or limitations?
A: This statistic is updated annually by the U.S. Census Bureau, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Nez Perce County, ID (PUAAID16069A647NCEN), retrieved from FRED.