All Employees: Social Assistance: Individual and Family Services in Puerto Rico
SMU72000006562410001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.10
Year-over-Year Change
-12.07%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the social assistance and individual and family services industry in Puerto Rico. It provides insights into the size and dynamics of the social services sector 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: Social Assistance: Individual and Family Services in Puerto Rico metric tracks the total employment in this specific industry within the U.S. territory. It is an important indicator of the scale and health of the social services infrastructure and workforce.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and market analysts assessing the social services industry and broader economic conditions in Puerto Rico.
Key Facts
- Employment in Puerto Rico's social assistance industry.
- Tracks individual and family services specifically.
- Provides insight into the social services sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the social assistance and individual and family services industry in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size and dynamics of the social services sector in Puerto Rico, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments 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 market analysts to assess the social services industry and broader economic conditions in Puerto Rico.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the U.S. Bureau of Labor Statistics surveys.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance: Individual and Family Services in Puerto Rico (SMU72000006562410001A), retrieved from FRED.