Average Weekly Earnings of Production Employees: Manufacturing in Puerto Rico
SMU72000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
598.65
Year-over-Year Change
9.10%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Puerto Rico is a key economic indicator that measures the average weekly earnings of production workers in the manufacturing sector of Puerto Rico. This metric provides insight into wage trends and the economic health of the Puerto Rican 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
This series tracks the average weekly earnings of production employees in the manufacturing sector of Puerto Rico. It is an important indicator of labor market conditions and can signal changes in worker productivity, cost of living, and overall economic activity in the manufacturing industry.
Methodology
The data is collected through surveys of Puerto Rican manufacturers and calculated as the total weekly earnings divided by total weekly hours worked.
Historical Context
Policymakers and analysts use this metric to monitor the competitiveness of Puerto Rico's manufacturing sector and its impact on the broader economy.
Key Facts
- Manufacturing accounts for over 45% of Puerto Rico's GDP.
- Weekly earnings in Puerto Rican manufacturing are about 25% lower than the U.S. national average.
- This metric has shown steady but slow growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average weekly earnings of production employees in the manufacturing sector of Puerto Rico. It provides insight into wage levels and trends in a key industry.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding the competitiveness of Puerto Rico's manufacturing sector and the economic well-being of production workers. It informs analysis of the island's economic conditions and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Puerto Rican manufacturers and calculated as the total weekly earnings divided by total weekly hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the health of Puerto Rico's manufacturing sector and its broader economic implications, informing decisions on trade, labor, and industrial policies.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in the release of this data. Additionally, the survey-based methodology may not fully capture all manufacturing activity in Puerto Rico.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Puerto Rico (SMU72000003000000030), retrieved from FRED.