All Employees: Accommodation in Puerto Rico
SMU72000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.40
Year-over-Year Change
5.11%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Accommodation in Puerto Rico' trend measures the total number of employees in the accommodation industry in Puerto Rico. This metric is closely watched by economists and policymakers as an indicator of tourism activity and economic conditions 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
This data series tracks the total number of workers employed in Puerto Rico's accommodation sector, which includes hotels, motels, and other lodging facilities. It provides insight into the health and growth of the island's tourism industry, a major driver of economic activity.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation employment are analyzed by government agencies, economists, and industry groups to inform policies and business decisions.
Key Facts
- Puerto Rico's accommodation sector employs over 15,000 workers.
- Accommodation jobs account for 4% of total employment in Puerto Rico.
- Accommodation employment has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Accommodation in Puerto Rico' series tracks the total number of workers employed in Puerto Rico's hotel, motel, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Puerto Rico's tourism industry, a critical component of the island's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Accommodation employment data is analyzed by government agencies, economists, and industry groups to inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Puerto Rico (SMU72000007072100001A), retrieved from FRED.