Overall unemployment rate moved up to 8.4% with the biggest shift in Government, which lost 2,500 roles, based on the most recently available information published in September 2021.
Total employment in the San Juan-Carolina-Caguas, PR market declined by 7,588 jobs in July and the unemployment rate increased compared to the prior month by 90 bps to 8.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- San Juan-Carolina-Caguas, PR unemployment rate is 274 bps above the national rate which is a negative sign.
- Unemployment in the market is 130 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in July versus prior month by 3.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.8%. Key sectors include:
- Government: 130,700; -2,500
- Transportation & Utilities: 125,400; -100
- Business Services: 96,500; -1,300
- Education & Healthcare: 76,000; -1,400
- Restaurants & Hotels: 54,200; +800
- Manufacturing: 46,300; no change
- Financial Services: 36,100; -500
- Construction, Mining: 20,900; +200
- Other Jobs: 13,200; +100
- IT & Development: 13,000; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.