All Employees: Leisure and Hospitality in Puerto Rico
SMU72000007000000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.40
Year-over-Year Change
2.66%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Leisure and Hospitality in Puerto Rico' series measures total employment in the leisure and hospitality sector of the Puerto Rican economy. This metric provides insights into the strength of the island's tourism and service industries.
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 number of people employed in Puerto Rico's leisure and hospitality sector, which includes industries like hotels, restaurants, arts, entertainment, and recreation. It is a key barometer of the health and growth of the island's service-based economy.
Methodology
The data is collected through surveys of Puerto Rican businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the performance of Puerto Rico's tourism industry and broader service sector.
Key Facts
- Puerto Rico's leisure and hospitality sector accounts for over 10% of total employment.
- Employment in this sector fell sharply during the COVID-19 pandemic but has since rebounded.
- Trends in this metric are closely watched as a barometer of Puerto Rico's economic recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in Puerto Rico's leisure and hospitality sector, including industries like hotels, restaurants, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and performance of Puerto Rico's service-based economy, which is heavily dependent on tourism and leisure activities.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Puerto Rican businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of Puerto Rico's tourism industry and broader service sector, which are critical to the island's economic development.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in Puerto Rico (SMU72000007000000001), retrieved from FRED.