Overall unemployment rate moved up to 8.6% with the biggest shift in Transportation & Utilities, which lost 200 roles, based on the most recently available information published in April 2023.
Total employment in the Aguadilla-Isabela, PR market declined by 1,438 jobs in February and the unemployment rate increased compared to the prior month by 40 bps to 8.6%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Aguadilla-Isabela, PR unemployment rate is 471 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 4.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:
- Government: 14,300; +100
- Transportation & Utilities: 11,400; -200
- Manufacturing: 7,700; -100
- Restaurants & Hotels: 6,200; no change
- Financial Services: 1,600; -100
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.