All Employees: Accommodation and Food Services in Puerto Rico
SMU72000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.00
Year-over-Year Change
27.09%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of people employed in the accommodation and food services sector in Puerto Rico. It serves as an important indicator of economic activity and consumer demand 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: Accommodation and Food Services in Puerto Rico metric represents the total number of individuals working in the hotel, restaurant, and related service industries across the territory. This data point is closely watched by economists and policymakers to gauge the health of the local tourism and hospitality sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation and food services employment are used to inform economic forecasts, consumer spending analyses, and policy decisions related to the tourism industry.
Key Facts
- Puerto Rico's accommodation and food services sector accounts for over 15% of total employment.
- This metric has shown volatility in recent years due to the impact of natural disasters and the COVID-19 pandemic.
- Trends in this data are closely watched for signs of recovery in Puerto Rico's important tourism industry.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of people employed in the accommodation and food services sector in Puerto Rico, providing insight into the health of the local tourism industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in accommodation and food services employment are closely monitored by economists and policymakers to gauge consumer demand, economic activity, and the overall performance of Puerto Rico's tourism sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Accommodation and food services employment data is used to inform economic forecasts, consumer spending analyses, and policy decisions related to the tourism industry in Puerto Rico.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting due to the survey-based methodology, and the metric may not capture all informal or self-employment in the sector.
Related Trends
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POPTOTPRA647NWDB
All Employees: Retail Trade: Food and Beverage Stores in Puerto Rico
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SMU72000003231500001A
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SMS72000009093000001
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Puerto Rico (SMU72000007072000001A), retrieved from FRED.