SNAP Benefits Recipients in Lafayette Parish, LA
CBR22055LAA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,937.00
Year-over-Year Change
35.59%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) benefit recipients in Lafayette Parish, Louisiana. It provides insight into food security and economic conditions in the local area.
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 SNAP Benefits Recipients in Lafayette Parish, LA trend tracks the number of individuals and households receiving federal SNAP food assistance benefits in this specific geographic region. This data is used by policymakers, researchers, and community organizations to understand patterns of food insecurity and economic need.
Methodology
The data is collected by the U.S. Census Bureau through household surveys and administrative records.
Historical Context
Trends in SNAP participation can inform decisions around social services, poverty alleviation, and economic development programs.
Key Facts
- Lafayette Parish has a population of over 150,000 people.
- SNAP provides food benefits to low-income households to improve nutrition and food security.
- SNAP enrollment data can indicate economic hardship in a local community.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals and households receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Lafayette Parish, Louisiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking SNAP participation provides insights into food security and economic conditions in the local area, which is useful for policymakers, researchers, and community organizations.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through household surveys and administrative records.
Q: How is this trend used in economic policy?
A: Trends in SNAP enrollment can inform decisions around social services, poverty alleviation, and economic development programs in the Lafayette Parish region.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential lags in reporting by the Census Bureau.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Lafayette Parish, LA (CBR22055LAA647NCEN), retrieved from FRED.