90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Alabama
PPCIUBU18AL01000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.10
Year-over-Year Change
-22.18%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper 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 and income distribution within 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 Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Alabama represents the upper limit of the statistical range in which the true poverty rate for Alabama's youth population is expected to fall, with 90% confidence. This metric is used by policymakers and analysts to gauge the scale and severity of child poverty within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Historical Context
This trend is relevant for informing social and economic policies aimed at reducing child poverty and promoting greater economic opportunity.
Key Facts
- The 90% confidence interval upper bound for Alabama's youth poverty rate was 27.1% in the most recent year.
- Child poverty remains a persistent challenge in Alabama, with rates consistently higher than the national average.
- Reducing child poverty is a key policy priority for state and local governments in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper 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 metric provides important insights into the scale and severity of child poverty within Alabama, informing policymakers and analysts focused on promoting economic opportunity and reducing income inequality.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is relevant for informing social and economic policies aimed at reducing child poverty and promoting greater economic opportunity in Alabama.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
Related Trends
Unemployed: Job Losers for Alabama
JOBLOSAL
State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Alabama
ALFUELTAX
Business Applications with Planned Wages: Total for All NAICS in Alabama
BAWBATOTALSAAL
Number of Identified Exporters to Slovenia from Alabama
ALSVNA475SCEN
Chain-Type Quantity Index for Real GDP: Administrative and Support Services (561) in Alabama
ALADMINSUPQGSP
New Private Housing Units Authorized by Building Permits for Alabama
ALBPPRIVSA
Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Alabama (PPCIUBU18AL01000A156NCEN), retrieved from FRED.