All Employees: Construction: Construction of Buildings in Puerto Rico
SMU72000002023600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.86
Year-over-Year Change
2.90%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures the number of all employees in the construction of buildings industry in Puerto Rico. It provides insights into the health and activity of the local construction 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: Construction: Construction of Buildings in Puerto Rico series tracks the total number of workers employed in the building construction industry in Puerto Rico. This metric is a key indicator of economic activity and can help analysts assess the strength of the local construction market.
Methodology
The data is collected through surveys of Puerto Rico businesses and establishments.
Historical Context
Policymakers and economists use this metric to gauge the health of the Puerto Rican construction industry and broader economic conditions.
Key Facts
- Puerto Rico's construction industry employs over 30,000 workers.
- Building construction accounts for over 50% of total construction employment in Puerto Rico.
- Construction employment in Puerto Rico has recovered to pre-hurricane levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the building construction industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and activity of Puerto Rico's construction sector, which is a key component of the local economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Puerto Rico businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of the Puerto Rican construction industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to typical release schedules and may have a lag of several months.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Puerto Rico (SMU72000002023600001SA), retrieved from FRED.