All Employees: Construction: Specialty Trade Contractors in Puerto Rico
SMU72000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.60
Year-over-Year Change
7.79%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures the total number of employees in the construction specialty trade contractors industry in Puerto Rico. It provides insights into the health and activity of the construction sector, which is a key indicator of economic growth and development.
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: Specialty Trade Contractors in Puerto Rico data series tracks the monthly employment levels in the specialty trade contractors segment of the construction industry in Puerto Rico. This metric is used by economists and policymakers to assess the state of the local construction industry and broader economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by government agencies, construction firms, and economic analysts to gauge the trajectory of the Puerto Rican construction industry and its potential impact on the overall economy.
Key Facts
- The construction industry accounts for approximately 4% of Puerto Rico's GDP.
- Puerto Rico's construction sector has experienced volatility in recent years due to natural disasters and economic challenges.
- Specialty trade contractors make up the largest segment of the construction industry in Puerto Rico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the construction specialty trade contractors industry in Puerto Rico, providing insights into the health and activity of the local construction sector.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key indicator of economic growth and development, and this trend is closely monitored by government agencies, construction firms, and economic analysts to gauge the trajectory of the Puerto Rican construction sector and its potential impact on the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by government agencies, construction firms, and economic analysts to assess the state of the local construction industry and inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of several weeks. There may be occasional revisions or limitations due to survey methodology and sampling.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Puerto Rico (SMU72000002023800001), retrieved from FRED.