All Employees: Administrative and Support and Waste Management and Remediation Services in Puerto Rico
SMU72000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.70
Year-over-Year Change
6.58%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the administrative, support, waste management, and remediation services industries in Puerto Rico. It provides insight into the health and activity of these key service sectors.
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: Administrative and Support and Waste Management and Remediation Services in Puerto Rico series measures the total number of people employed in a range of support service industries across Puerto Rico. This metric is used by economists and policymakers to assess the strength and dynamics of the local service economy.
Methodology
This data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in administrative and support services employment offer valuable signals about broader economic conditions and the business climate in Puerto Rico.
Key Facts
- This series dates back to January 2003.
- Employment in these industries accounts for over 10% of total jobs in Puerto Rico.
- Administrative and support services are a key part of Puerto Rico's service-based economy.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of people employed in administrative, support, waste management, and remediation services industries across Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: Trends in these service-sector employment figures provide valuable insights into the overall health and activity of the Puerto Rican economy.
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: Economists and policymakers analyze this data to assess the strength of Puerto Rico's service-based economy and business climate.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of several weeks by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Puerto Rico (SMU72000006056000001A), retrieved from FRED.