All Employees: Financial Activities: Finance and Insurance in Puerto Rico
This dataset tracks all employees: financial activities: finance and insurance in puerto rico over time.
Latest Value
33.70
Year-over-Year Change
6.31%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the finance and insurance industry in Puerto Rico. It is an important indicator of the health and growth of the local financial 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: Financial Activities: Finance and Insurance in Puerto Rico metric tracks the total employment levels in Puerto Rico's finance and insurance industry. This data provides insight into the size and performance of this critical economic sector, which is a key driver of the territory's overall economic activity.
Methodology
The data is collected through surveys of Puerto Rican businesses and establishments.
Historical Context
Policymakers and analysts use this metric to assess the financial industry's contribution to Puerto Rico's economy and to inform economic development strategies.
Key Facts
- Puerto Rico's finance and insurance industry employs over 47,000 people.
- The finance and insurance sector accounts for nearly 15% of Puerto Rico's total employment.
- Employment in Puerto Rico's finance and insurance industry has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the finance and insurance industry in Puerto Rico, providing insight into the size and performance of this critical economic sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the health and growth of Puerto Rico's financial industry, which is a key driver of the territory's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Puerto Rican businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the finance sector's contribution to Puerto Rico's economy and to inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Finance and Insurance in Puerto Rico (SMU72000005552000001A), retrieved from FRED.