90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Oklahoma
This dataset tracks 90% confidence interval lower bound of estimate of percent of people of all ages in poverty for oklahoma over time.
Latest Value
15.50
Year-over-Year Change
-8.82%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated poverty rate in Oklahoma, providing insight into the economic well-being of the state's population.
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 of Estimate of Percent of People of All Ages in Poverty for Oklahoma is a key metric used by economists and policymakers to assess the economic conditions and social safety net in the state.
Methodology
The data is collected through the U.S. Census Bureau's annual poverty estimates.
Historical Context
This trend is used to inform policy decisions and allocation of resources to address poverty in Oklahoma.
Key Facts
- The lower bound represents the minimum poverty rate with 90% confidence.
- Oklahoma's poverty rate is a key indicator of economic well-being in the state.
- Poverty data is used to guide policy decisions and social program funding.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated poverty rate in Oklahoma, providing a conservative estimate of the state's poverty level.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval lower bound is a crucial metric for understanding the extent of poverty in Oklahoma and informing policy decisions to address economic inequality and support social welfare programs.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual poverty estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and social welfare organizations to assess the economic conditions in Oklahoma and guide the allocation of resources and development of programs to alleviate poverty.
Q: Are there update delays or limitations?
A: The poverty estimates are updated annually, and there may be some delays in data availability due to the Census Bureau's data collection and processing timeline.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Oklahoma (PPCILBAAOK40000A156NCEN), retrieved from FRED.