Overall unemployment rate moved down to 8.6% with the biggest shift in Transportation & Utilities, which lost 4,500 roles, based on the most recently available information published in March 2021.
Total employment in the San Juan-Carolina-Caguas, PR market rose by 20,917 jobs in January and the unemployment rate decreased compared to the prior month by 150 bps to 8.6%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- San Juan-Carolina-Caguas, PR unemployment rate is 179 bps above the national rate which is a negative sign.
- Unemployment in the market is 80 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 2.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.8%. Key sectors include:
- Government: 131,300; -800
- Transportation & Utilities: 123,600; -4,500
- Business Services: 99,300; -1,600
- Education & Healthcare: 74,500; -2,900
- Restaurants & Hotels: 50,600; +400
- Manufacturing: 45,700; -600
- Financial Services: 36,500; -200
- Construction, Mining: 21,000; -600
- IT & Development: 13,000; -100
- Other Jobs: 12,700; -400
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.