90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Utah
PECIUBAAUT49000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
314,626.00
Year-over-Year Change
-19.29%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator tracks the upper bound of the 90% confidence interval for the poverty rate in Utah, providing insights into the distribution and uncertainty around the state's poverty estimates.
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 Utah is a statistical measure that helps analysts and policymakers understand the range of possible poverty rates in the state. It represents the upper limit of the 90% confidence interval, indicating the highest plausible poverty rate given the data.
Methodology
This data is collected and calculated by the U.S. Census Bureau as part of their annual poverty estimates.
Historical Context
This trend is used by economists, government agencies, and researchers to assess the economic well-being of Utah's population and inform policy decisions.
Key Facts
- The upper bound represents the highest plausible poverty rate in Utah.
- Poverty estimates have a margin of error due to sampling and other factors.
- Tracking this trend over time can reveal changes in the state's economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the upper bound of the 90% confidence interval for the poverty rate in Utah, providing insights into the distribution and uncertainty around the state's poverty estimates.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the potential range of poverty rates in Utah and informing policy decisions aimed at improving economic well-being.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of their annual poverty estimates.
Q: How is this trend used in economic policy?
A: Economists, government agencies, and researchers use this trend to assess the economic well-being of Utah's population and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the sampling and estimation methods used by the Census Bureau, which may result in update delays or limitations in the precision of the estimates.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Utah (PECIUBAAUT49000A647NCEN), retrieved from FRED.