90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Louisiana
PECILBU18LA22000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
254,093.00
Year-over-Year Change
-18.01%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimate of people aged 0-17 living in poverty in Louisiana. It provides valuable insight into the state's child poverty levels.
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 Age 0-17 in Poverty for Louisiana is a statistical metric that helps quantify uncertainty around the estimated child poverty rate in the state. Economists and policymakers use this data to better understand the scale and distribution of poverty among Louisiana's younger population.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for informing social welfare policies and resource allocation decisions aimed at addressing child poverty in Louisiana.
Key Facts
- The lower bound of the 90% confidence interval was 17.9% in 2021.
- Louisiana has consistently had one of the highest child poverty rates in the U.S.
- Poverty disproportionately affects children of color in Louisiana.
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 aged 0-17 living in poverty in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the scale and distribution of child poverty in Louisiana, which informs social welfare policies and resource allocation decisions.
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 analysts to understand the extent of child poverty in Louisiana and develop targeted interventions and social welfare programs.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and the confidence intervals reflect the statistical uncertainty inherent in survey-based estimates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Louisiana (PECILBU18LA22000A647NCEN), retrieved from FRED.