All Employees: Leisure and Hospitality: Accommodation in Puerto Rico
SMU72000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.36
Year-over-Year Change
-0.78%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the leisure and hospitality accommodation industry in Puerto Rico. It provides insight into the strength and recovery of Puerto Rico's tourism 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 in Puerto Rico series tracks the monthly employment levels in hotels, motels, and other accommodation establishments within Puerto Rico's leisure and hospitality industry. This metric is a key indicator of the tourism industry's health and economic activity.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the impact of economic conditions, natural disasters, and other factors on Puerto Rico's tourism industry.
Key Facts
- Puerto Rico's tourism industry accounts for over 6% of its GDP.
- Accommodation employment levels in Puerto Rico reached a low in 2020 due to the COVID-19 pandemic.
- The leisure and hospitality sector is a major employer in Puerto Rico, accounting for over 80,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the leisure and hospitality accommodation industry in Puerto Rico, including hotels, motels, and other lodging establishments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and recovery of Puerto Rico's vital tourism sector, which is a significant contributor to the island's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to assess the impact of economic conditions, natural disasters, and other factors on Puerto Rico's tourism industry and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Puerto Rico (SMU72000007072100001SA), retrieved from FRED.