All Employees: Leisure and Hospitality: Accommodation and Food Services in Puerto Rico
SMS72000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.10
Year-over-Year Change
3.29%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks the total number of employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, for Puerto Rico. It provides insight into the strength and recovery of this critical service-based industry.
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 and Food Services in Puerto Rico series measures the total number of individuals employed in this industry within the U.S. territory. It is a key indicator of economic activity and consumer demand in the tourism and service sectors.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, investors, and analysts to gauge the health of Puerto Rico's economy and labor market.
Key Facts
- The leisure and hospitality sector accounts for over 15% of Puerto Rico's total employment.
- Accommodation and food services are the largest components of the leisure and hospitality industry in Puerto Rico.
- Employment in this sector has been a key indicator of Puerto Rico's economic recovery after Hurricane Maria in 2017.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the leisure and hospitality sector, specifically in the accommodation and food services industry, within Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and recovery of a critical service-based industry in Puerto Rico's economy, which is heavily dependent on tourism and consumer demand.
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: Policymakers, investors, and analysts closely monitor this metric to gauge the health of Puerto Rico's economy and labor market, which is crucial for informing economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, but may be subject to revisions and delays typical of labor market statistics.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Puerto Rico (SMS72000007072000001), retrieved from FRED.