90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for West Virginia
PECILB0T4WV54000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,283.00
Year-over-Year Change
-38.94%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in West Virginia. It provides insight into the economic well-being of young children in the state.
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 90% confidence interval lower bound for the West Virginia child poverty rate offers a statistically rigorous estimate of the minimum level of poverty among the state's youngest residents. This metric is used by policymakers and analysts to assess the extent of economic hardship and inform targeted anti-poverty initiatives.
Methodology
The data is calculated based on U.S. Census Bureau survey responses and statistical modeling.
Historical Context
This trend is relevant for understanding economic conditions and informing social policies in West Virginia.
Key Facts
- The current lower bound estimate is [X]%.
- West Virginia has one of the highest child poverty rates in the U.S.
- Reducing child poverty is a key policy goal in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a statistically rigorous estimate of the minimum level of poverty among young children in West Virginia, which is crucial for understanding economic hardship and informing anti-poverty initiatives in the state.
Q: How is this data collected or calculated?
A: The data is calculated based on U.S. Census Bureau survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts seeking to understand economic conditions and target social policies in West Virginia.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of U.S. Census Bureau surveys and statistical modeling.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for West Virginia (PECILB0T4WV54000A647NCEN), retrieved from FRED.