Overall unemployment rate moved up to 4.9% with the biggest shift in Construction, Mining, which gained 800 roles, based on the most recently available information published in May 2023.
Total employment in the San Juan-Carolina-Caguas, PR market declined by 8,386 jobs in March and the unemployment rate increased compared to the prior month by 10 bps to 4.9%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- San Juan-Carolina-Caguas, PR unemployment rate is 128 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 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 1.2% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Government: 135,100; +300
- Transportation & Utilities: 133,600; -600
- Business Services: 117,500; +300
- Education & Healthcare: 86,100; +800
- Restaurants & Hotels: 64,400; +300
- Manufacturing: 49,100; -500
- Financial Services: 39,100; no change
- Construction, Mining: 27,000; +800
- Other Jobs: 15,500; +100
- IT & Development: 14,400; -100
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.