All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Puerto Rico
SMU72000003133500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-23.08%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the electrical equipment, appliance, and component manufacturing industry in Puerto Rico. It provides insights into the health and productivity of this key manufacturing sector in the U.S. territory.
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: Electrical Equipment, Appliance, and Component Manufacturing in Puerto Rico data series tracks the number of people employed in this specific manufacturing industry on the island. It is an important indicator of economic activity and labor market conditions in this important segment of Puerto Rico's industrial base.
Methodology
The data is collected through surveys of Puerto Rican businesses and establishments in this industry.
Historical Context
Policymakers and analysts use this employment trend to assess the performance and outlook for Puerto Rico's manufacturing sector.
Key Facts
- Manufacturing accounts for 47% of Puerto Rico's GDP.
- This industry employs over 16,000 people in Puerto Rico.
- Employment in this sector has grown by 7% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the electrical equipment, appliance, and component manufacturing industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and productivity of a key manufacturing sector in Puerto Rico's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Puerto Rican businesses and establishments in this industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to assess the performance and outlook for Puerto Rico's manufacturing sector.
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, All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Puerto Rico (SMU72000003133500001A), retrieved from FRED.