Unemployment in Puerto Rico

Puerto Rico Unemployment | Economic News & Forecasts

Puerto Rico - Unemployment

GNP likely contracted at the fastest pace in over two decades in FY 2018, which ended in June, according to data released by the Economic Development Bank for Puerto Rico. Following Hurricanes Irma and Maria last autumn, the death toll in Puerto Rico reached into the thousands, while infrastructure was devastated, suffocating economic growth. On a more positive note, in June, the most recent month for which the Development Bank’s data is available, the contraction in economic activity moderated for the seventh consecutive month, suggesting that a return to growth is on the short-term horizon. Furthermore, in early August, debt holders agreed to reduce a portion of Puerto Rico’s overwhelming public debt.

Puerto Rico - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate14.0  14.3  13.0  11.7  11.5  

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