All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico
SMU72000004244100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.20
Year-over-Year Change
21.60%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the retail trade sector for motor vehicle and parts dealers in Puerto Rico. It provides insights into the health and activity of this key industry in the local 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: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico series tracks the total employment levels for this specific retail subsector. This metric is used by economists and policymakers to monitor consumer demand, business investment, and broader economic conditions in Puerto Rico.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this employment trend can signal shifts in consumer spending, business investment, and overall economic performance in Puerto Rico.
Key Facts
- Puerto Rico's motor vehicle and parts dealers employ over 10,000 workers.
- Employment in this sector has declined by 5% over the past 5 years.
- The retail trade industry accounts for 15% of Puerto Rico's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade sector for motor vehicle and parts dealers in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand, business investment, and broader economic conditions in Puerto Rico's motor vehicle and parts retail industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in this employment trend are monitored by economists and policymakers to assess the health of Puerto Rico's retail trade sector and overall economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico (SMU72000004244100001A), retrieved from FRED.