All Employees: Construction: Specialty Trade Contractors in Puerto Rico
Annual, Not Seasonally Adjusted
SMU72000002023800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.80
Year-over-Year Change
31.67%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment in the Retail Trade sector in New York. It is a key indicator of economic activity and consumer demand in the region.
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 Annual, Not Seasonally Adjusted Retail Trade Employment data provides a snapshot of the total number of people employed in the retail industry in New York on an annual basis, without adjusting for seasonal fluctuations. This metric offers insights into the overall health and performance of the retail sector in the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Retail employment figures are closely watched by policymakers, economists, and market analysts to gauge consumer spending patterns and the broader economic climate.
Key Facts
- Retail trade accounts for over 10% of total employment in New York.
- Retail employment in New York reached a record high in 2019 before declining during the COVID-19 pandemic.
- The retail sector is a major driver of economic activity and job creation in New York.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the retail trade sector in New York on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail employment is a key indicator of consumer demand and economic activity in the region, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail employment figures are closely watched by policymakers to gauge consumer spending patterns and the broader economic climate, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released on an annual basis, with some potential for delays in publication.
Related Trends
Civilian Labor Force in Puerto Rico
PRLF
All Employees: Financial Activities in Puerto Rico
SMU72000005500000001
All Employees: Non-Durable Goods: Chemical Manufacturing in Puerto Rico
SMU72000003232500001A
All Employees: Retail Trade: Food and Beverage Stores in Puerto Rico
SMU72000004244500001A
All Employees: Leisure and Hospitality: Accommodation and Food Services in Puerto Rico
SMS72000007072000001
All Employees: Accommodation and Food Services in Puerto Rico
SMU72000007072000001A
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000002023800001A), retrieved from FRED.