All Employees: Educational Services: Colleges, Universities, and Professional Schools in Puerto Rico
SMU72000006561130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.70
Year-over-Year Change
-27.01%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the educational services sector, specifically at colleges, universities, and professional schools in Puerto Rico. It provides insight into the state of the educational workforce and can inform policy decisions regarding higher education in the region.
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: Educational Services: Colleges, Universities, and Professional Schools in Puerto Rico series tracks the total number of individuals employed in the educational services industry in Puerto Rico, focusing on the sub-sector of colleges, universities, and professional schools. This data is a key indicator of the size and health of the higher education sector in the region.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers.
Historical Context
This trend is used by policymakers, economists, and educational institutions to analyze workforce and enrollment trends in the higher education sector, which can inform policy decisions and strategic planning.
Key Facts
- Puerto Rico has over 50 colleges and universities.
- The educational services sector employs around 4% of the total workforce in Puerto Rico.
- Employment in this sector has declined by 10% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the educational services sector, specifically at colleges, universities, and professional schools in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and size of the higher education workforce in Puerto Rico, which is crucial for understanding enrollment, staffing, and funding trends in the region's colleges and universities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers in Puerto Rico.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and educational institutions use this trend to analyze workforce and enrollment patterns in the higher education sector, which can inform policy decisions and strategic planning.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the trend may not capture all employment in the sector, as it focuses specifically on colleges, universities, and professional schools.
Related Trends
All Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Puerto Rico
SMU72000003133400001SA
All Employees: Retail Trade: Food and Beverage Retailers in Puerto Rico
SMU72000004244500001SA
All Employees: Manufacturing: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Puerto Rico
SMU72000003133500001SA
All Employees: Government: Federal Government in Puerto Rico
SMS72000009091000001
All Employees: Mining, Logging, and Construction in Puerto Rico
SMU72000001500000001
All Employees: Government: Local Government in Puerto Rico
SMS72000009093000001
Citation
U.S. Federal Reserve, All Employees: Educational Services: Colleges, Universities, and Professional Schools in Puerto Rico (SMU72000006561130001A), retrieved from FRED.