90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Arkansas
PECIUBAAAR05000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
472,778.00
Year-over-Year Change
-15.87%
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 poverty rate for people of all ages in Arkansas. Understanding poverty trends is crucial for policymakers to address economic disparities and allocate resources effectively.
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 of All Ages in Poverty for Arkansas provides a statistical range for the state's poverty rate, accounting for sampling and measurement uncertainty. This data point is used by economists and policymakers to assess the scale and distribution of poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and calculated using statistical methods to derive the 90% confidence interval.
Historical Context
Poverty estimates and trends inform policy decisions related to social welfare programs, economic development initiatives, and resource allocation.
Key Facts
- The upper bound of the 90% confidence interval for Arkansas' poverty rate was 17.9% in 2021.
- Poverty rates vary significantly across different demographic groups and geographic regions within Arkansas.
- Addressing poverty is a key priority for policymakers in Arkansas to promote economic mobility and improve living standards.
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 poverty rate for people of all ages in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty trends in Arkansas is crucial for policymakers to address economic disparities and allocate resources effectively.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and calculated using statistical methods to derive the 90% confidence interval.
Q: How is this trend used in economic policy?
A: Poverty estimates and trends inform policy decisions related to social welfare programs, economic development initiatives, and resource allocation in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the U.S. Census Bureau's Current Population Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Arkansas (PECIUBAAAR05000A647NCEN), retrieved from FRED.