All Employees: Leisure and Hospitality: Accommodation and Food Services in Puerto Rico
SMU72000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.20
Year-over-Year Change
2.73%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector, specifically focusing on the accommodation and food services industry in Puerto Rico. It provides valuable insights into the labor market and economic activity within this key 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: Leisure and Hospitality: Accommodation and Food Services in Puerto Rico data series tracks the total number of people employed in the accommodation and food services industry, which is a crucial component of the leisure and hospitality sector in Puerto Rico. This metric is widely used by economists and policymakers to assess the health and growth of the service-based economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Historical Context
This trend is closely monitored by government agencies, industry analysts, and investors to gauge the performance and outlook of Puerto Rico's tourism and service-oriented economy.
Key Facts
- Puerto Rico's leisure and hospitality sector accounts for over 15% of the island's total employment.
- The accommodation and food services industry is a major driver of Puerto Rico's tourism-based economy.
- Employment in this sector has exhibited significant volatility due to factors like natural disasters and economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically focusing on the accommodation and food services industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and growth of Puerto Rico's service-based economy, which is heavily dependent on the tourism and hospitality industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, industry analysts, and investors to gauge the performance and outlook of Puerto Rico's tourism and service-oriented economy.
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 survey-based collection process.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Puerto Rico (SMU72000007072000001), retrieved from FRED.