Average Weekly Earnings of All Employees: Total Private in Puerto Rico
SMU72000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
615.87
Year-over-Year Change
28.64%
Date Range
1/1/2013 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Total Private in Puerto Rico is an important economic indicator that measures the average weekly earnings of private sector workers in Puerto Rico. It provides insights into the purchasing power and living standards of the island's 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
This series tracks the average weekly earnings of all private sector employees in Puerto Rico, including wages, salaries, and certain bonuses. It is a widely used metric for assessing the economic health and labor market conditions in the territory.
Methodology
The data is collected through surveys of private businesses and establishments in Puerto Rico by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to gauge the strength of the Puerto Rican economy and make informed decisions about economic policies and initiatives.
Key Facts
- Puerto Rico's average weekly earnings have been below the U.S. national average.
- The trend provides insights into the cost of living and purchasing power in Puerto Rico.
- Fluctuations in this indicator can signal changes in the island's economic performance.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Total Private in Puerto Rico measures the average weekly earnings of private sector workers in Puerto Rico, including wages, salaries, and certain bonuses.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic health and labor market conditions in Puerto Rico, as it provides insights into the purchasing power and living standards of the island's population.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments in Puerto Rico by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the strength of the Puerto Rican economy and make informed decisions about economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of the U.S. Bureau of Labor Statistics surveys.
Related Trends
All Employees: Transportation and Utilities: Transportation and Warehousing in Puerto Rico
SMU72000004340008901
Unemployment Rate in Puerto Rico
PRUR
All Employees: Education and Health Services: Hospitals in Puerto Rico
SMU72000006562200001
All Employees: Health Care and Social Assistance in Puerto Rico
SMU72000006562000001A
Average Weekly Hours of All Employees: Total Private in Puerto Rico
SMU72000000500000002A
All Employees: Local Government in Puerto Rico
SMU72000009093000001A
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Puerto Rico (SMU72000000500000011A), retrieved from FRED.