All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Puerto Rico
SMU72000003133200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
11.11%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the fabricated metal product manufacturing industry in Puerto Rico. It provides insight into the health and activity of this important manufacturing sector within the territory's 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 All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Puerto Rico series tracks the monthly change in the number of employed individuals in this industry. It is a key indicator of manufacturing output, business investment, and economic growth in the region.
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, industry analysts, and investors to gauge the performance of Puerto Rico's manufacturing base.
Key Facts
- Manufacturing accounts for over 40% of Puerto Rico's GDP.
- Fabricated metal products are a major export industry for the territory.
- Employment in this sector has fluctuated due to economic and policy changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the fabricated metal product manufacturing industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and output of a key manufacturing sector in Puerto Rico's economy, which is closely watched by policymakers and investors.
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 metric is used by policymakers, industry analysts, and investors to gauge the performance and outlook of Puerto Rico's manufacturing base, which is a critical component of the territory's economy.
Q: Are there update delays or limitations?
A: The data is subject to typical publication delays from the U.S. Bureau of Labor Statistics, but otherwise provides a timely and reliable indicator of employment trends in this industry.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Puerto Rico (SMU72000003133200001A), retrieved from FRED.