Unemployment in Puerto Rico
Puerto Rico - UnemploymentPuerto Rico remains deeply mired in an economic and social downturn, and the economy is expected to log the sharpest contraction in the island’s recent history in FY 2018. Despite recording a smaller decline in March, economic activity fell 8.5% year-on-year in the first nine months of FY 2018, which ends in June, according to the Economic Development Bank for Puerto Rico. The construction sector fared especially poorly in March, while electricity generation and tourist arrivals remained depressed in the same period due to spillovers from Hurricane Irma and Maria last fall. In an important step to address the island’s economic problems, the Financial Oversight and Management Board approved on 31 May the 2019–2023 fiscal plan.
Puerto Rico - Unemployment Data
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