All Employees: Service-Providing in Puerto Rico
SMS72000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
841.10
Year-over-Year Change
1.11%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of service-providing employees in Puerto Rico, a key indicator of the island's economic activity and service-sector strength.
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 All Employees: Service-Providing in Puerto Rico metric tracks the total employment levels in Puerto Rico's service industries, which account for a majority of the island's economic output. This data is used by economists and policymakers to assess the overall health and trajectory of Puerto Rico's service sector.
Methodology
The data is collected through surveys of Puerto Rican businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in service-sector employment are closely watched for insights into Puerto Rico's broader economic performance and policy needs.
Key Facts
- Service industries account for over 80% of Puerto Rico's GDP.
- Service-sector jobs make up the majority of employment in Puerto Rico.
- Puerto Rico's service-providing employment levels have fluctuated significantly in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in service-providing industries in Puerto Rico, such as retail, healthcare, finance, and hospitality.
Q: Why is this trend relevant for users or analysts?
A: Service-sector employment is a key indicator of Puerto Rico's overall economic health and performance, as services make up the majority of the island's economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Puerto Rican businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in service-sector employment in Puerto Rico are closely monitored by economists and policymakers to assess the island's economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
Related Trends
All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Puerto Rico
SMU72000003133400001A
All Employees: Construction in Puerto Rico
SMU72000002000000001SA
All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico
SMU72000004244100001A
All Employees: Trade, Transportation, and Utilities in Puerto Rico
SMU72000004000000001
Population, Total for Puerto Rico
POPTOTPRA647NWDB
Average Hourly Earnings of All Employees: Total Private in Puerto Rico
SMU72000000500000003
Citation
U.S. Federal Reserve, All Employees: Service-Providing in Puerto Rico (SMS72000000700000001), retrieved from FRED.