All Employees: Health Care and Social Assistance in Puerto Rico
SMU72000006562000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.20
Year-over-Year Change
12.30%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the health care and social assistance industry in Puerto Rico. It is an important indicator for analyzing the strength and growth of the local service 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: Health Care and Social Assistance in Puerto Rico data series tracks the total number of people employed in the health care and social assistance industry across Puerto Rico. This metric provides insights into the size and dynamics of this key service sector within the local economy.
Methodology
The data is collected through monthly surveys of Puerto Rican businesses and establishments.
Historical Context
This employment trend is closely watched by policymakers, economists, and industry analysts to assess the health and development of Puerto Rico's health and social services markets.
Key Facts
- Puerto Rico's health care and social assistance sector employs over 100,000 people.
- Employment in this industry has grown by 15% over the past decade.
- The sector accounts for nearly 15% of total employment in Puerto Rico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the health care and social assistance industry across Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size and growth of a key service sector within the Puerto Rican economy, which is closely watched by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Puerto Rican businesses and establishments.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers, economists, and industry analysts to assess the health and development of Puerto Rico's health and social services markets.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Health Care and Social Assistance in Puerto Rico (SMU72000006562000001A), retrieved from FRED.