All Employees: Real Estate and Rental and Leasing in Puerto Rico
SMU72000005553000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
23.08%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the real estate and rental and leasing industry in Puerto Rico, adjusted for inflation. It provides insight into the health and activity of this important economic 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: Real Estate and Rental and Leasing in Puerto Rico data series tracks the monthly change in the total number of persons employed in the real estate, rental, and leasing industry in Puerto Rico. This metric helps analysts and policymakers gauge the level of economic activity and employment in this key sector.
Methodology
The data is collected through surveys of Puerto Rican businesses and establishments.
Historical Context
This employment trend is used to assess the broader performance of the Puerto Rican economy and inform real estate and rental market policies.
Key Facts
- Puerto Rico has over 30,000 real estate and rental jobs.
- This sector accounts for 4% of total employment in Puerto Rico.
- Real estate and rental jobs in Puerto Rico pay 25% above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the real estate, rental, and leasing industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of the real estate sector, which is an important part of the Puerto Rican economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Puerto Rican businesses and establishments.
Q: How is this trend used in economic policy?
A: This employment trend is used to assess the broader performance of the Puerto Rican economy and inform real estate and rental market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Real Estate and Rental and Leasing in Puerto Rico (SMU72000005553000001A), retrieved from FRED.