Overall unemployment rate moved down to 6.5% with the biggest shift in Restaurants & Hotels, which gained 1,800 roles, based on the most recently available information published in December 2021.
Total employment in the San Juan-Carolina-Caguas, PR market rose by 2,753 jobs in October and the unemployment rate decreased compared to the prior month by 70 bps to 6.5%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- San Juan-Carolina-Caguas, PR unemployment rate is 224 bps above the national rate which is a negative sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 4.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Government: 131,000; +200
- Transportation & Utilities: 126,000; +1,100
- Business Services: 102,300; +1,300
- Education & Healthcare: 79,500; +1,600
- Restaurants & Hotels: 56,300; +1,800
- Manufacturing: 46,700; +800
- Financial Services: 36,500; +200
- Construction, Mining: 22,500; +400
- Other Jobs: 13,200; +100
- IT & Development: 12,800; -400
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.