Overall unemployment rate moved down to 5.6% with the biggest shift in Business Services, which lost 4,100 roles, based on the most recently available information published in March 2022.
Total employment in the San Juan-Carolina-Caguas, PR market rose by 53,486 jobs in January and the unemployment rate decreased compared to the prior month by 30 bps to 5.6%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- San Juan-Carolina-Caguas, PR unemployment rate is 117 bps above the national rate which is a negative sign.
- Unemployment in the market is 300 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.1%. Key sectors include:
- Transportation & Utilities: 134,200; -2,100
- Government: 130,300; -1,800
- Business Services: 110,300; -4,100
- Education & Healthcare: 78,300; -3,600
- Restaurants & Hotels: 58,700; -300
- Manufacturing: 48,300; -800
- Financial Services: 37,200; -600
- Construction, Mining: 22,400; -500
- Other Jobs: 14,200; -100
- IT & Development: 13,500; +100
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.