90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Arkansas
PPCILB5T17AR05000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.90
Year-over-Year Change
-26.64%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the lower bound of the 90% confidence interval for the percent of related children ages 5-17 in families living in poverty in Arkansas. It provides a statistical range to assess poverty levels among this demographic.
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 is a key metric used to analyze the poverty rate for a specific population segment in a given state. It represents the lowest likely value within a 90% probability range, offering insight into the severity of poverty conditions.
Methodology
This data is collected through the U.S. Census Bureau's annual surveys of household income and poverty.
Historical Context
Policymakers and economists use this metric to inform decisions around social welfare programs and economic development initiatives.
Key Facts
- The 90% confidence interval lower bound measures the minimum likely poverty rate for related children ages 5-17 in Arkansas.
- This metric provides a statistical estimate to assess the severity of child poverty in the state.
- The data is collected annually through U.S. Census Bureau surveys on household income and poverty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the percent of related children ages 5-17 in families living in poverty in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a statistical range to assess the severity of poverty conditions for a specific demographic, informing policymakers and economists on social welfare and economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual surveys of household income and poverty.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions around social welfare programs and economic development initiatives targeting poverty in Arkansas.
Q: Are there update delays or limitations?
A: The data is collected and published annually, so there may be a delay in the most recent information being available.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Arkansas (PPCILB5T17AR05000A156NCEN), retrieved from FRED.