SNAP Benefits Recipients in Penobscot County, ME
CBR23019MEA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,312.00
Year-over-Year Change
-25.44%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) benefit recipients in Penobscot County, Maine. SNAP is a critical social safety net program that helps low-income individuals and families afford food.
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 Penobscot County, ME trend tracks the total number of individuals in this county who receive SNAP assistance. This data provides important insights into the economic and food security conditions in the region and can inform policymaking.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
SNAP participation data is closely monitored by economists, policymakers, and anti-poverty organizations to assess the need for and efficacy of food assistance programs.
Key Facts
- SNAP provides food benefits to over 40 million Americans.
- Penobscot County has a population of approximately 153,000.
- SNAP participation rates can fluctuate with changes in unemployment and cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Penobscot County, Maine who receive Supplemental Nutrition Assistance Program (SNAP) benefits.
Q: Why is this trend relevant for users or analysts?
A: SNAP participation data provides valuable insights into the economic and food security conditions in a given region, which is crucial information for policymakers, anti-poverty organizations, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: SNAP participation data is closely monitored by policymakers to assess the need for and effectiveness of food assistance programs, which are an important part of the social safety net.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can fluctuate based on changes in employment, cost of living, and other economic factors in the region.
Related Trends
SNAP Benefits Recipients in Door County, WI
CBR55029WIA647NCEN
SNAP Benefits Recipients in Multnomah County, OR
CBR41051ORA647NCEN
SNAP Benefits Recipients in Matanuska-Susitna Borough, AK
CBR02170AKA647NCEN
SNAP Benefits Recipients in Platte County, NE
CBR31141NEA647NCEN
SNAP Benefits Recipients in Rawlins County, KS
CBR20153KSA647NCEN
SNAP Benefits Recipients in Brazos County, TX
CBR48041TXA647NCEN
Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Penobscot County, ME (CBR23019MEA647NCEN), retrieved from FRED.