All Employees: Food Services and Drinking Places in Puerto Rico
SMU72000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.70
Year-over-Year Change
32.47%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the food services and drinking places industry in Puerto Rico. It provides insight into the strength and resilience of the hospitality sector in the territory.
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: Food Services and Drinking Places in Puerto Rico metric tracks the monthly changes in employment levels for businesses like restaurants, bars, and other establishments that serve food and beverages. This data point is a key indicator of consumer demand and economic activity in the hospitality industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, investors, and industry analysts to assess the health of Puerto Rico's tourism and leisure sectors.
Key Facts
- Puerto Rico's food services and drinking places employ over 60,000 workers.
- This sector accounts for approximately 6% of total non-farm employment in Puerto Rico.
- Employment in the industry has rebounded strongly since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the food services and drinking places industry in Puerto Rico, including restaurants, bars, and other establishments that serve food and beverages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and resilience of Puerto Rico's hospitality sector, which is a key driver of the territory's economy and an important indicator of consumer demand and economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, investors, and industry analysts to assess the health of Puerto Rico's tourism and leisure sectors and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
All Employees: Federal Government in Puerto Rico
SMU72000009091000001A
All Employees: Education and Health Services: Private Education and Health Services in Puerto Rico
SMU72000006500000001
All Employees: Manufacturing: Durable Goods in Puerto Rico
SMU72000003100000001
All Employees: Durable Goods in Puerto Rico
SMU72000003100000001A
All Employees: Educational Services in Puerto Rico
SMU72000006561000001A
All Employees: Professional and Business Services: Administrative and Support Services in Puerto Rico
SMU72000006056100001SA
Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Puerto Rico (SMU72000007072200001A), retrieved from FRED.