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<div class=\"blog-text\">
<h2>Overall unemployment rate moved down to 10.5% with the biggest shift in Transportation &amp; Utilities, which lost 500 roles, based on the most recently available information published in March 2021.</h2>

<p>Total employment in the Ponce, PR market rose by 366 jobs in January and the unemployment rate decreased compared to the prior month by 90 bps to 10.5%. The national unemployment rate increased by 31 bps over the same time to 6.8%.</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Ponce, PR unemployment rate is 369 bps above the national rate which is a negative sign.</li>
	<li><i class=\"fa fa-check-circle\"></i> Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.</li>
	<li><i class=\"fa fa-check-circle\"></i> Average wages (per hour) declined in January versus prior month by -5.3% and are up compared to last year at this time in the market.</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading text-center w-50 h-3\">Month over Month Unemployment Change</div>

<div class=\"heading text-center w-50 h-3\">Year over Year Unemployment Change</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC  Unemployment October 2020.png\"><img alt=\"Ponce, PR Unemployment January 2021\" class=\"img-responsive center-block\" height=\"797\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Ponce%2C%20PR%20January%202021%20Bar%20Charts.png\" width=\"3242\" /></a></div>

<p>For key employment segments of the market, total jobs declined by -3.3%. Key sectors include:</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Government: 16,800; -400</li>
	<li><i class=\"fa fa-check-circle\"></i> Transportation &amp; Utilities: 12,500; -500</li>
	<li><i class=\"fa fa-check-circle\"></i> Education &amp; Healthcare: 10,000; -500</li>
	<li><i class=\"fa fa-check-circle\"></i> Manufacturing: 8,600; -200</li>
	<li><i class=\"fa fa-check-circle\"></i> Restaurants &amp; Hotels: 5,500; -100</li>
	<li><i class=\"fa fa-check-circle\"></i> Construction, Mining: 2,300; -300</li>
	<li><i class=\"fa fa-check-circle\"></i> Financial Services: 2,200; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> IT &amp; Development: 500; no change</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading logo h-3\">Employment Change by Key Sector</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC Unemployment by Industry October 2020.png\"><img alt=\"Ponce, PR Unemployment by Industry January 2021\" class=\"img-responsive center-block\" height=\"1109\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Ponce%2C%20PR%20January%202021%20Bubble%20Charts.png\" width=\"2566\" /> </a></div>

<p><i>Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021).&nbsp; Source: Government data agency and locally acquired statistics.</i></p>

<p><i>Note: All reported data is not seasonally adjusted.</i></p>
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Employment Snapshot - Ponce, PR January-2021