SNAP Benefits Recipients in Portsmouth city, VA
CBR51740VAA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,307.00
Year-over-Year Change
9.16%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of Supplemental Nutrition Assistance Program (SNAP) benefit recipients in Portsmouth city, Virginia. It provides insight into food insecurity 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 trend tracks the number of individuals and households receiving federal Supplemental Nutrition Assistance Program (SNAP) benefits in the Portsmouth city region of Virginia. This data offers an indicator of food insecurity and economic hardship in the local community.
Methodology
The data is collected through the U.S. Census Bureau's annual Community Population Survey.
Historical Context
Policymakers and analysts use this SNAP data to understand regional economic conditions and target food assistance programs.
Key Facts
- SNAP provides food benefits to low-income individuals and families.
- Portsmouth city has a population of over 95,000 as of the latest data.
- SNAP participation can fluctuate with changes in unemployment and poverty levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals and households receiving federal Supplemental Nutrition Assistance Program (SNAP) benefits in Portsmouth city, Virginia.
Q: Why is this trend relevant for users or analysts?
A: SNAP benefit data provides insight into food insecurity and economic conditions in the local Portsmouth area, which is valuable for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Community Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this SNAP data to understand regional economic conditions and target food assistance programs accordingly.
Q: Are there update delays or limitations?
A: The SNAP benefits data may have a delay of up to a year before being published due to the annual survey collection process.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Portsmouth city, VA (CBR51740VAA647NCEN), retrieved from FRED.