Overall unemployment rate moved up to 7.4% with the biggest shift in Business Services, which lost 1,400 roles, based on the most recently available information published in June 2021.
Total employment in the San Juan-Carolina-Caguas, PR market declined by 4,854 jobs in May and the unemployment rate increased compared to the prior month by 100 bps to 7.4%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- San Juan-Carolina-Caguas, PR unemployment rate is 190 bps above the national rate which is a negative sign.
- Unemployment in the market is 200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 0.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Government: 132,300; +400
- Transportation & Utilities: 124,300; +700
- Business Services: 96,500; -1,400
- Education & Healthcare: 78,100; +200
- Restaurants & Hotels: 51,300; -600
- Manufacturing: 46,400; no change
- Financial Services: 36,200; -300
- Construction, Mining: 21,200; -300
- IT & Development: 13,200; +200
- Other Jobs: 13,100; +100
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.