POST Online Media Lite Edition



 

Employment in Puerto Rico at 22-year low

Staff writer |
The economic crisis and large-scale emigration have progressively reduced in recent years the number of people working in Puerto Rico, falling below 1 million to the lowest level since 1992.

Article continues below






Puerto Rico's jobless rate stood at 13.8 percent last month, according to figures released Friday by the U.S. Department of Labor. In May, Puerto Rico had a labor force of 1.15 million out of a total population of 3.6 million. The workforce shrank by 2.7 percent over the 12 months ending May 31.

The number of people with jobs had remained at 1 million or above from 1993 through April of this year.

The number of employees continued to grow on the island until the start of the recession in late 2006. Since then the number of people with jobs has declined, while the exodus of emigrants has remained on the rise.


What to read next

Puerto Rico extends key deadlines on $70 billion turnaround plan
Puerto Rico Tourism Company optimistic for 2017
Puerto Rico expects a record 1.5 million cruise visitors