SNAP Benefits Recipients in Giles County, VA
CBR51071VAA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,109.00
Year-over-Year Change
-14.96%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Giles County, VA' series tracks the number of people receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Giles County, Virginia. This metric is important for understanding food security and economic conditions in local communities.
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
This data series represents the total number of individuals in Giles County, Virginia who are enrolled in and receiving benefits from the Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps. The SNAP program provides monthly benefits to low-income households to purchase eligible food items.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
Trends in SNAP enrollment can provide insights into the economic well-being of a local area and help guide policy decisions.
Key Facts
- SNAP provides food assistance to over 40 million Americans.
- Giles County has a population of around 16,000 people.
- SNAP enrollment tends to increase during economic downturns.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of individuals in Giles County, Virginia who are enrolled in and receiving benefits from the Supplemental Nutrition Assistance Program (SNAP).
Q: Why is this trend relevant for users or analysts?
A: Trends in SNAP enrollment can provide important insights into the economic well-being and food security of a local community, which can inform policy decisions.
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: Policymakers and economists use SNAP enrollment data to assess the economic conditions and food security of local communities, which can guide decisions on social welfare programs and other economic policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Giles County, VA (CBR51071VAA647NCEN), retrieved from FRED.