All Employees: Education and Health Services in Puerto Rico
This dataset tracks all employees: education and health services in puerto rico over time.
Latest Value
124.40
Year-over-Year Change
3.93%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Education and Health Services in Puerto Rico trend measures the total number of people employed in the education and healthcare sectors in Puerto Rico. This data is crucial for understanding the strength 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 employment series tracks the total number of people working in Puerto Rico's education and health services industries. It provides insights into the labor force and infrastructure supporting these vital public services, which are significant drivers of the island's economy.
Methodology
The data is collected through monthly surveys of Puerto Rico's businesses and organizations.
Historical Context
Policymakers and economists use this trend to assess the health and growth of Puerto Rico's service sector and make informed decisions about investments and public services.
Key Facts
- Puerto Rico's education and health services account for over 25% of total employment on the island.
- This sector saw steady growth in employment from 2010 to 2019 before declining during the COVID-19 pandemic.
- Healthcare is a major contributor to Puerto Rico's GDP, making up over 7% of the total.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Education and Health Services in Puerto Rico trend measures the total number of people employed in the education and healthcare sectors in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and dynamics of Puerto Rico's service-based economy, as education and healthcare are significant drivers of employment and economic activity on the island.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Puerto Rico's businesses and organizations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and growth of Puerto Rico's service sector and make informed decisions about investments and public services.
Q: Are there update delays or limitations?
A: The data is subject to typical lags in government statistical reporting, with a delay of several months between the reference period and the data release.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services in Puerto Rico (SMU72000006500000001A), retrieved from FRED.