All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Puerto Rico
SMU72000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.20
Year-over-Year Change
-4.63%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of employees in the administrative and support services and waste management and remediation services industry in Puerto Rico. It provides insights into the health and growth of this critical service 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: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Puerto Rico metric measures employment levels in industries that provide a wide range of day-to-day operational support to businesses and organizations. This data is used by economists and policymakers to assess the broader service economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is a key indicator of economic activity and business confidence in Puerto Rico.
Key Facts
- Puerto Rico's administrative and support services industry employed over 58,000 workers as of the latest data.
- Employment in this sector has declined by 7.5% in Puerto Rico over the past 5 years.
- The administrative and support services industry accounts for over 13% of total employment in Puerto Rico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the administrative and support services and waste management and remediation services industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insight into the health and growth of a critical service sector in Puerto Rico's economy, which is important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to assess overall economic activity and business confidence in Puerto Rico's service sector.
Q: Are there update delays or limitations?
A: There can be a several month delay in the release of this employment data by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Puerto Rico (SMU72000006056000001), retrieved from FRED.