All Employees: Durable Goods in Puerto Rico
SMU72000003100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.30
Year-over-Year Change
18.73%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Durable Goods in Puerto Rico trend measures the total number of employees in the durable goods manufacturing sector in Puerto Rico. This metric is important for analyzing the strength and productivity of Puerto Rico's industrial economy.
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 All Employees: Durable Goods in Puerto Rico statistic tracks the number of workers in industries producing durable goods, such as machinery, electronics, and transportation equipment. This provides insight into the scale and health of Puerto Rico's manufacturing base, which is a key driver of economic growth and employment.
Methodology
The data is collected through surveys of Puerto Rico businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the performance of Puerto Rico's industrial sector and inform decisions around economic development and workforce planning.
Key Facts
- Puerto Rico's durable goods manufacturing accounts for over 15% of total employment.
- Durable goods jobs pay 25% higher wages on average compared to other sectors.
- Employment in this sector has declined by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Durable Goods in Puerto Rico metric tracks the total number of workers employed in the durable goods manufacturing sector in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insight into the strength and productivity of Puerto Rico's industrial economy, which is a key driver of economic growth and employment on the island.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Puerto Rico businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the performance of Puerto Rico's manufacturing sector and inform decisions around economic development and workforce planning.
Q: Are there update delays or limitations?
A: The data is released with a 1-month lag and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods in Puerto Rico (SMU72000003100000001A), retrieved from FRED.