All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Puerto Rico
SMS72000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.00
Year-over-Year Change
-3.97%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry in Puerto Rico. It provides insights into the labor market and economic activity in this important 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: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Puerto Rico metric tracks the total number of people employed in these industries, which include activities such as office administration, facilities support, and waste collection and disposal. This data point is a key indicator of the health and growth of the professional and business services sector in Puerto Rico.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by economists, policymakers, and industry analysts to gauge the strength of Puerto Rico's service-based economy.
Key Facts
- Puerto Rico's professional and business services sector accounts for over 15% of total employment.
- Administrative and support services make up the largest share of this industry in Puerto Rico.
- Employment in this sector has seen modest growth in recent years as the territory's economy recovers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry, in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insights into the health and growth of an important service-based industry in Puerto Rico's economy, which is closely watched by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers and economists to gauge the strength of Puerto Rico's service-based economy and inform economic policies and interventions.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of this data due to the survey-based collection process, but it generally provides a timely and reliable snapshot of employment in this industry.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Puerto Rico (SMS72000006056000001), retrieved from FRED.