All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Puerto Rico
SMS72000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.40
Year-over-Year Change
3.58%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of people employed in professional, scientific, and technical services in Puerto Rico, which is an important sector for the island's economy.
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: Professional and Business Services: Professional, Scientific, and Technical Services in Puerto Rico series tracks the total employment in this key industry, providing insights into the strength and growth of Puerto Rico's professional services sector.
Methodology
The data is collected through surveys of businesses and establishments in Puerto Rico.
Historical Context
This employment trend is closely monitored by policymakers and analysts to gauge the health of Puerto Rico's service-based economy.
Key Facts
- Professional, scientific, and technical services account for over 10% of total employment in Puerto Rico.
- Employment in this sector has shown modest growth in recent years.
- The industry includes a range of high-skill occupations like legal, accounting, and engineering services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in professional, scientific, and technical services in Puerto Rico, a key industry for the island's economy.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the strength and growth of Puerto Rico's professional services sector, which is a critical component of the island's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Puerto Rico.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers and analysts to gauge the health of Puerto Rico's service-based economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting due to the challenges faced by Puerto Rico's statistical agencies, but the trend generally provides timely insights into this important sector.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Puerto Rico (SMS72000006054000001), retrieved from FRED.