All Employees: Local Government in Puerto Rico
SMU72000009093000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.30
Year-over-Year Change
-14.82%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the local government sector in Puerto Rico. It is a key indicator of the size and composition of the public workforce in the territory.
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: Local Government in Puerto Rico series tracks the monthly employment levels of local government workers in Puerto Rico. This provides important insights into the scale and stability of the public sector labor force, which is a significant component of the overall economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this series to assess the fiscal health and economic conditions in Puerto Rico.
Key Facts
- Puerto Rico's local government employs over 75,000 workers.
- Local government accounts for over 20% of total employment in Puerto Rico.
- Employment in this sector has declined by 10% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the local government sector in Puerto Rico, providing insights into the size and composition of the public workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the fiscal health and economic conditions in Puerto Rico, as the public sector is a major component of the territory's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess the size, stability, and fiscal impact of the local government workforce in Puerto Rico.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Local Government in Puerto Rico (SMU72000009093000001A), retrieved from FRED.