90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Alabama
PPCILBU18AL01000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.50
Year-over-Year Change
-23.51%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Alabama. It provides important insights into the economic well-being of Alabama's youth 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 Age 0-17 in Poverty for Alabama is a statistical measure that reflects the lower range of the estimated poverty rate for Alabama's child population. It helps analysts and policymakers understand the minimum level of child poverty in the state.
Methodology
This data is calculated based on survey responses and census information.
Historical Context
This trend is relevant for policies and programs aimed at reducing child poverty and supporting Alabama's youth.
Key Facts
- The latest data point shows the lower bound of the 90% confidence interval is 18.5%.
- This trend has shown a slight decline over the past 5 years.
- Alabama's child poverty rate is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the minimum level of child poverty in Alabama, which is an important indicator of economic well-being and a key consideration for policymakers and social programs.
Q: How is this data collected or calculated?
A: The data is calculated based on survey responses and census information.
Q: How is this trend used in economic policy?
A: This trend is relevant for policies and programs aimed at reducing child poverty and supporting Alabama's youth population.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delay in the most recent updates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Alabama (PPCILBU18AL01000A156NCEN), retrieved from FRED.