Average Hourly Earnings of Production Employees: Manufacturing in Puerto Rico
SMU72000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.35
Year-over-Year Change
7.42%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees: Manufacturing in Puerto Rico measures the average hourly wage for manufacturing workers in Puerto Rico. This economic indicator provides insight into labor costs and productivity trends in the island's manufacturing sector.
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 represents the average hourly earnings of production and nonsupervisory employees in the manufacturing industry in Puerto Rico. It is a key metric for assessing the competitiveness and health of the Puerto Rican manufacturing sector, a major component of the island's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to evaluate economic conditions and guide decisions on fiscal, monetary, and industry policies.
Key Facts
- Manufacturing accounts for over 40% of Puerto Rico's GDP.
- Average hourly wages in Puerto Rico's manufacturing sector are lower than the U.S. national average.
- 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 hourly wage paid to production employees in the manufacturing industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and productivity in Puerto Rico's manufacturing sector, a critical component of the island's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate economic conditions and guide decisions on fiscal, monetary, and industry policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing in Puerto Rico (SMU72000003000000008), retrieved from FRED.