90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Wyoming
This dataset tracks 90% confidence interval lower bound of estimate of percent of people of all ages in poverty for wyoming over time.
Latest Value
9.70
Year-over-Year Change
-9.35%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator estimates the lower bound of the 90% confidence interval for the percentage of people of all ages living in poverty in Wyoming. It provides insight into economic hardship and inequality in the state.
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 Wyoming is a statistical measure that helps quantify uncertainty around poverty estimates. It is used by policymakers and researchers to understand the extent of economic deprivation within the state's population.
Methodology
This data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Trends in this metric can inform social welfare programs and economic development initiatives in Wyoming.
Key Facts
- The latest data shows the 90% confidence interval lower bound for Wyoming's poverty rate is 10.4%.
- Poverty rates tend to be higher in rural areas compared to urban centers in Wyoming.
- Poverty disproportionately impacts certain demographic groups in the state, such as children and racial minorities.
FAQs
Q: What does this economic trend measure?
A: This indicator estimates the lower bound of the 90% confidence interval for the percentage of people of all ages living in poverty in Wyoming. It provides a statistical range for the state's poverty rate.
Q: Why is this trend relevant for users or analysts?
A: Tracking the lower bound of the poverty confidence interval helps policymakers and researchers understand the minimum level of economic hardship experienced by Wyoming's population. This informs social welfare programs 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 American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in Wyoming's poverty confidence interval lower bound can guide state and local governments in allocating resources for social services, job creation, and community development programs.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the American Community Survey, with some lag between the reference year and data release.
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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 Wyoming (PPCILBAAWY56000A156NCEN), retrieved from FRED.