All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico
SMU72000004244100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.30
Year-over-Year Change
0.66%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of employees in the retail trade of motor vehicles and parts in Puerto Rico. It provides insights into the health and activity of this key industry 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: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico metric measures the employment levels in this crucial component of Puerto Rico's retail economy. It is used by economists and policymakers to assess consumer demand, business investment, and overall economic conditions in the territory.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched as an indicator of consumer spending power and business confidence in Puerto Rico.
Key Facts
- Puerto Rico's motor vehicle retail industry employs over 10,000 workers.
- Employment in this sector has declined by 5% over the past 5 years.
- Motor vehicle sales account for 20% of Puerto Rico's total retail trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade of motor vehicles and parts in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and business investment in Puerto Rico's automotive industry, which is a key component of the territory's retail economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend as an indicator of consumer spending power and business confidence in Puerto Rico.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico (SMU72000004244100001), retrieved from FRED.