90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for North Carolina
PECIUB0T4NC37000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113,981.00
Year-over-Year Change
-40.83%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the 90% upper confidence bound of the estimate of the number of people under age 5 living in poverty in North Carolina. It provides important insights into child poverty levels within 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 Upper Bound of Estimate of People Under Age 5 in Poverty for North Carolina represents the upper end of the statistical range within which the true child poverty rate is likely to fall, with 90% confidence. This metric is used by policymakers and researchers to understand the scale and trends of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for understanding economic conditions and guiding policy decisions related to child poverty in North Carolina.
Key Facts
- North Carolina has a population of over 10.5 million people.
- The 90% confidence interval upper bound was 161,000 in 2021.
- Child poverty is a key indicator of economic hardship and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 90% upper confidence bound of the estimate of the number of people under age 5 living in poverty in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale of child poverty in North Carolina, which is a key indicator of economic hardship and development within the state.
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 relevant for understanding economic conditions and guiding policy decisions related to child poverty in North Carolina.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to statistical sampling and estimation uncertainties.
Related Trends
Per Capita Personal Consumption Expenditures: Services for North Carolina
NCPCEPCSRV
Real Gross Domestic Product: Printing and Related Support Activities (323) in North Carolina
NCPRNTRGSP
Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in North Carolina
NCRENTNGSP
All Employees: Information: Telecommunications in North Carolina
SMU37000005051700001A
All Employees: Manufacturing: Durable Goods: Household and Institutional Furniture and Kitchen Cabinet Manufacturing in North Carolina
SMU37000003133710001SA
Average Weekly Hours of All Employees: Total Private in North Carolina
SMU37000000500000002A
Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for North Carolina (PECIUB0T4NC37000A647NCEN), retrieved from FRED.