90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Pennsylvania
PECIUB0T4PA42000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116,200.00
Year-over-Year Change
-31.73%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimate of the number of people under age 5 living in poverty in Pennsylvania. It provides crucial insights 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 Upper Bound of Estimate of People Under Age 5 in Poverty for Pennsylvania represents the upper end of the statistical range in which the true value is expected to fall, given a 90% confidence level. This metric helps policymakers and researchers understand the scale and severity of childhood 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 government agencies, nonprofits, and economic analysts to assess the state of child poverty and inform policy decisions.
Key Facts
- The upper bound was 178,000 in 2020.
- Pennsylvania's child poverty rate is higher than the national average.
- Reducing childhood poverty is a key policy priority in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of the number of people under age 5 living in poverty in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the scale and severity of childhood poverty in Pennsylvania, helping policymakers and researchers understand the issue and inform policy 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 government agencies, nonprofits, and economic analysts to assess the state of child poverty and inform policy decisions aimed at reducing childhood poverty in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Pennsylvania (PECIUB0T4PA42000A647NCEN), retrieved from FRED.