All Employees: Non-Durable Goods: Food Manufacturing in Puerto Rico
SMU72000003231100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.10
Year-over-Year Change
7.08%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Non-Durable Goods: Food Manufacturing in Puerto Rico' trend measures employment in the food manufacturing sector of Puerto Rico's non-durable goods industry. This metric is a key indicator of economic activity and production capacity in this important segment of the island's manufacturing base.
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 data series tracks the total number of employees engaged in food manufacturing, which includes businesses producing processed foods, beverages, and other edible goods. It provides insight into the health and labor force dynamics of this non-durable manufacturing subsector within Puerto Rico's overall economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to assess the performance and outlook of Puerto Rico's food processing industry.
Key Facts
- Food manufacturing accounts for over 10% of Puerto Rico's total non-durable goods employment.
- Employment in this sector has declined by 25% since 2010.
- The food industry is a major export for Puerto Rico, generating over $1 billion annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees engaged in the food manufacturing sector within Puerto Rico's non-durable goods industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and labor force dynamics of a key manufacturing subsector in Puerto Rico's economy, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the performance and outlook of Puerto Rico's food processing industry, which is an important part of the island's manufacturing base and export economy.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the survey collection process.
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Population, Total for Puerto Rico
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Food Manufacturing in Puerto Rico (SMU72000003231100001A), retrieved from FRED.