All Employees: Administrative and Support Services in Puerto Rico
This dataset tracks all employees: administrative and support services in puerto rico over time.
Latest Value
73.30
Year-over-Year Change
6.54%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Administrative and Support Services in Puerto Rico' measures the total number of workers employed in the administrative and support services industry in Puerto Rico. This trend provides key insights into the health and dynamics of Puerto Rico's service-based 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
This data series tracks the monthly employment levels in Puerto Rico's administrative and support services sector, which includes activities like office administration, facilities support, and business support services. Monitoring this metric helps policymakers and analysts understand labor market conditions and broader economic performance in the territory.
Methodology
The data is collected through surveys of Puerto Rico-based businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in administrative services employment serve as an important leading indicator for Puerto Rico's overall economic activity and business investment.
Key Facts
- Puerto Rico's administrative and support services sector accounts for over 100,000 jobs.
- Employment in this industry has fluctuated significantly in recent years due to economic and policy changes.
- The administrative services trend is seen as an indicator of broader business and investment conditions in Puerto Rico.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees working in Puerto Rico's administrative and support services industry, which includes activities like office administration, facilities support, and business operations.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in administrative services provides valuable insights into the overall health and direction of Puerto Rico's service-based economy, serving as a leading indicator for broader business investment and economic activity in the territory.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Puerto Rico-based businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in administrative services employment are closely watched by policymakers, economists, and market analysts as an indicator of Puerto Rico's economic performance and business investment climate.
Q: Are there update delays or limitations?
A: The administrative services employment data for Puerto Rico is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support Services in Puerto Rico (SMU72000006056100001A), retrieved from FRED.