Overall unemployment rate moved down to 8.0% with the biggest shift in Manufacturing, which gained 100 roles, based on the most recently available information published in May 2023.
Total employment in the Aguadilla-Isabela, PR market declined by 675 jobs in March and the unemployment rate decreased compared to the prior month by 60 bps to 8.0%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Aguadilla-Isabela, PR unemployment rate is 438 bps above the national rate which is a negative sign.
- Unemployment in the market is 30 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 2.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Government: 14,400; no change
- Transportation & Utilities: 11,500; no change
- Manufacturing: 7,800; +100
- Restaurants & Hotels: 6,300; +100
- Financial Services: 1,600; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.