Overall unemployment rate moved down to 5.0% with the biggest shift in Education & Healthcare, which gained 900 roles, based on the most recently available information published in April 2022.
Total employment in the San Juan-Carolina-Caguas, PR market rose by 399 jobs in March and the unemployment rate decreased compared to the prior month by 20 bps to 5.0%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- San Juan-Carolina-Caguas, PR unemployment rate is 125 bps above the national rate which is a negative sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 6.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 133,800; -300
- Government: 131,000; +100
- Business Services: 113,000; +500
- Education & Healthcare: 81,400; +900
- Restaurants & Hotels: 60,500; +300
- Manufacturing: 49,800; +300
- Financial Services: 38,000; +100
- Construction, Mining: 23,800; +700
- Other Jobs: 14,300; +100
- IT & Development: 13,400; +100
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.