Average Weekly Hours of Production Employees: Manufacturing in Puerto Rico
SMU72000003000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
1.56%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the manufacturing sector in Puerto Rico. It is a key indicator of labor market conditions and economic activity in the manufacturing industry.
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 Average Weekly Hours of Production Employees: Manufacturing in Puerto Rico is a monthly economic indicator that tracks the average number of hours worked per week by production workers in the manufacturing sector of Puerto Rico's economy. This metric provides insights into labor market dynamics and the overall health of the manufacturing industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of the manufacturing sector and make informed decisions about economic and labor market policies.
Key Facts
- Manufacturing accounts for over 40% of Puerto Rico's GDP.
- Average weekly hours in Puerto Rico's manufacturing sector have declined by 2.5 hours since 2015.
- The manufacturing industry employs over 70,000 workers in Puerto Rico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the manufacturing sector of Puerto Rico's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and productivity of Puerto Rico's manufacturing industry, which is a critical sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the manufacturing sector and make informed decisions about economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in Puerto Rico (SMU72000003000000007), retrieved from FRED.