90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for New Jersey
This dataset tracks 90% confidence interval lower bound of estimate of percent of people age 0-17 in poverty for new jersey over time.
Latest Value
12.20
Year-over-Year Change
-12.86%
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 New Jersey. It provides insights into the state's child poverty levels.
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 New Jersey represents the lower range of the statistically significant interval around the estimated child poverty rate in the state. This metric is used by policymakers and researchers to understand the scale and uncertainty of childhood poverty.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for informing social policies and allocating resources to support low-income families and children in New Jersey.
Key Facts
- The 2021 lower bound estimate for child poverty in New Jersey was 12.5%.
- This metric has declined from a high of 14.7% in 2013.
- New Jersey's child poverty rate is lower 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 the state of New Jersey.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and uncertainty around childhood poverty in New Jersey, which is crucial for informing social policies and resource allocation to support low-income families and children.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and researchers to understand the scope of childhood poverty in New Jersey and inform the development of social policies and programs to support low-income families and children.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for New Jersey (PPCILBU18NJ34000A156NCEN), retrieved from FRED.