Average Hourly Earnings of All Employees: Total Private in Puerto Rico
SMU72000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.90
Year-over-Year Change
5.98%
Date Range
4/1/2013 - 6/1/2025
Summary
This economic trend measures the average hourly wages for all private sector employees in Puerto Rico. It is a key indicator of labor market conditions and purchasing power in the local 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 Average Hourly Earnings of All Employees: Total Private in Puerto Rico tracks the mean hourly wage for workers across all private industries in the U.S. territory. This metric provides insights into trends in worker compensation and productivity.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the strength of the Puerto Rican labor market and consumer demand.
Key Facts
- Puerto Rico's average hourly private sector wage was $12.91 in 2021.
- Wages have increased by 2.5% annually on average over the past 5 years.
- The private sector employs over 800,000 workers in Puerto Rico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for all private sector employees in Puerto Rico, providing insights into labor market conditions and worker compensation in the territory.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the strength of the Puerto Rican economy and the purchasing power of local consumers.
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 metric to assess labor market conditions and consumer demand in Puerto Rico, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Puerto Rico (SMU72000000500000003), retrieved from FRED.