All Employees: Manufacturing: Non-Durable Goods: Beverage and Tobacco Product Manufacturing in Puerto Rico
SMU72000003231200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.62
Year-over-Year Change
-0.10%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the number of non-durable goods manufacturing employees in the beverage and tobacco product industry in Puerto Rico. It is an important indicator of economic activity and labor market conditions in this key 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
The All Employees: Manufacturing: Non-Durable Goods: Beverage and Tobacco Product Manufacturing in Puerto Rico series tracks the total number of workers employed in this specific manufacturing industry on the island. It provides insight into production and workforce trends within this segment of Puerto Rico's manufacturing base.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by policymakers, economists, and industry analysts to monitor the health and competitiveness of Puerto Rico's beverage and tobacco manufacturing sector.
Key Facts
- Puerto Rico is a major producer of rum and other alcoholic beverages.
- Beverage and tobacco manufacturing accounts for over 10% of Puerto Rico's total manufacturing workforce.
- Employment in this sector has declined by 25% since 2007.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the beverage and tobacco product manufacturing industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and labor market conditions of a key manufacturing sector in Puerto Rico's economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this metric to monitor the health and competitiveness of Puerto Rico's beverage and tobacco manufacturing sector.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric does not capture employment in smaller, unincorporated businesses.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Non-Durable Goods: Beverage and Tobacco Product Manufacturing in Puerto Rico (SMU72000003231200001SA), retrieved from FRED.