All Employees: Health Care: Hospitals in Puerto Rico
SMU72000006562200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.10
Year-over-Year Change
-11.91%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Health Care: Hospitals in Puerto Rico' series measures the total number of employees in Puerto Rico's hospital industry. This metric is crucial for understanding labor market trends and workforce planning in the healthcare 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
This economic indicator tracks the total number of people employed in hospital establishments located in Puerto Rico. It provides insights into the size and dynamics of the healthcare workforce, which is an important component of the overall economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, economists, and healthcare industry analysts to monitor the labor supply and identify workforce needs in Puerto Rico's hospital sector.
Key Facts
- Puerto Rico's hospital sector employed over 40,000 workers as of 2022.
- The healthcare industry is one of the largest employers in Puerto Rico.
- Hospital employment in Puerto Rico has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Health Care: Hospitals in Puerto Rico' series measures the total number of people employed in hospital establishments located in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and dynamics of the healthcare workforce in Puerto Rico, which is crucial for understanding labor market trends and workforce planning in the hospital sector.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and healthcare industry analysts to monitor the labor supply and identify workforce needs in Puerto Rico's hospital sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Health Care: Hospitals in Puerto Rico (SMU72000006562200001A), retrieved from FRED.