All Employees: Other Services in Puerto Rico
SMU72000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.20
Year-over-Year Change
7.87%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in Puerto Rico' trend measures the total number of employees in the 'Other Services' industry sector in Puerto Rico. This data provides insights into the health and composition of Puerto Rico's service-based economy.
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 'Other Services' sector includes a diverse range of businesses such as repair shops, personal care services, and religious and civic organizations. Tracking employment in this sector helps economists and policymakers understand the broader service industry trends in Puerto Rico.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used to analyze the performance and resilience of Puerto Rico's service economy, which has implications for the island's overall economic conditions and policy decisions.
Key Facts
- Puerto Rico's 'Other Services' sector accounts for over 10% of total employment.
- Employment in this sector has shown volatility in recent years due to economic and natural disaster impacts.
- The 'Other Services' industry includes a wide range of businesses, from automotive repair to personal care services.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Puerto Rico' trend measures the total number of people employed in the 'Other Services' industry sector in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and composition of Puerto Rico's service-based economy, which is an important component of the island's overall economic performance.
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 analyze the performance and resilience of Puerto Rico's service economy, which has implications for the island's overall economic conditions and policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates due to the survey-based collection process, and the data may not capture all informal or unregistered employment in the 'Other Services' sector.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Puerto Rico (SMU72000008000000001A), retrieved from FRED.