All Employees: Educational Services in Puerto Rico
SMU72000006561000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.20
Year-over-Year Change
-14.36%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the educational services industry in Puerto Rico. It is a key indicator of labor market conditions and economic activity in the education 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: Educational Services in Puerto Rico series tracks the total number of employees in the educational services industry in Puerto Rico. This metric provides insight into the size and strength of the education sector, which is an important driver of economic growth and development.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the health and outlook of Puerto Rico's education industry.
Key Facts
- Educational services account for approximately 10% of total employment in Puerto Rico.
- Employment in the educational services industry in Puerto Rico has been relatively stable in recent years.
- The COVID-19 pandemic had a significant impact on educational services employment in Puerto Rico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the educational services industry in Puerto Rico, providing insight into the size and strength of the education sector.
Q: Why is this trend relevant for users or analysts?
A: The educational services industry is an important driver of economic growth and development in Puerto Rico, and this trend is used by economists, policymakers, and market analysts to assess the health and outlook of the sector.
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 trend is used by policymakers and analysts to evaluate the performance of the education sector and inform decisions related to education policy, funding, and workforce development in Puerto Rico.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be occasional delays or revisions due to the nature of the survey-based data collection process.
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Citation
U.S. Federal Reserve, All Employees: Educational Services in Puerto Rico (SMU72000006561000001A), retrieved from FRED.