Covered Employment in Puerto Rico
This dataset tracks covered employment in puerto rico over time.
Latest Value
925917.00
Year-over-Year Change
0.01%
Date Range
2/8/1986 - 7/19/2025
Summary
Covered Employment in Puerto Rico tracks the total number of individuals employed and covered by the Unemployment Insurance program in Puerto Rico. This measure provides insight into the overall labor market and economic conditions in the U.S. 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 Covered Employment in Puerto Rico data series tracks the total number of workers in Puerto Rico who are covered by the Unemployment Insurance program. This metric is used by economists and policymakers to assess the health and trends of the Puerto Rican labor market and broader economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer reporting.
Historical Context
This economic indicator is closely monitored by the Federal Reserve and other institutions to gauge the economic conditions in Puerto Rico.
Key Facts
- Puerto Rico's covered employment peaked at over 1 million workers in 2006.
- Covered employment fell sharply during the Great Recession, declining over 10% from 2007 to 2010.
- As of 2022, covered employment in Puerto Rico remains below pre-recession levels.
FAQs
Q: What does the Covered Employment in Puerto Rico trend measure?
A: This economic indicator tracks the total number of workers in Puerto Rico who are covered by the Unemployment Insurance program.
Q: Why is this trend relevant for users or analysts?
A: The Covered Employment data provides insight into the overall health and trends of the Puerto Rican labor market and broader economy, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer reporting.
Q: How is this trend used in economic policy?
A: The Covered Employment in Puerto Rico indicator is closely watched by the Federal Reserve and other institutions to gauge economic conditions in the U.S. territory.
Q: Are there update delays or limitations?
A: The Covered Employment data is published on a monthly basis with minimal delays, providing timely insights into the Puerto Rican labor market.
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Citation
U.S. Federal Reserve, Covered Employment in Puerto Rico (PRICEMPLOY), retrieved from FRED.