90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Arkansas
PECILBAAAR05000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
446,622.00
Year-over-Year Change
-17.01%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the poverty rate in Arkansas, providing insights into the economic well-being of the state's population.
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 of Estimate of People of All Ages in Poverty for Arkansas represents the lower limit of the range within which the true poverty rate is expected to fall with 90% confidence. This metric is used to understand the scale and distribution of poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used by policymakers and economists to inform poverty alleviation programs and economic development strategies in Arkansas.
Key Facts
- The lower bound of the 90% confidence interval for Arkansas' poverty rate was 15.6% in 2020.
- Poverty rates are higher in rural areas of Arkansas compared to urban regions.
- The poverty rate in Arkansas is consistently above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the poverty rate in Arkansas, providing insights into the economic well-being of the state's population.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the scale and distribution of poverty in Arkansas, which can inform policy decisions and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to inform poverty alleviation programs and economic development strategies in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Arkansas (PECILBAAAR05000A647NCEN), retrieved from FRED.