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April Unemployment Rate Pegged at 11.7%

By on May 20, 2016

SAN JUAN – Puerto Rico Labor Secretary Vance Thomas announced Friday that the unemployment rate for April stood as 11.7%.

“Data from the recent employment and unemployment survey show that the adjusted unemployment rate for April 2016 decreased to 11.7%. This rate is 0.5% lower than in April 2015 [12.2%],” Thomas said in a statement.

The survey, which is obtained through visits to a sample of households, also showed that the adjusted total employment reached 1,003,000 jobs, or an increase of 13,000 more people employed than in April 2015 (990,000).

The report also showed that the labor-force participation rate was 40.5%, representing an increase of 0.8% when compared with April 2015, when it was 39.7%.

Similarly, the report showed an increase (adjusted) in the following:

April 2015 April 2016 Increase
Agricultural employment 13,000 14,000 1,000
Manufacturing employment 78,000 79,000 1,000
Employment in Services 329,000 356,000 27,000
Finance and Insurance Jobs 34,000 46,000 12,000

The results of the nonfarm payroll employment survey, which is obtained directly from the payrolls of industrial establishments, also reflects that various industries increased job creation.

An annual comparison by industry:

Industry sector April 2015 April 2016 Increase
Professional scientific and technical services 29,800 31,100 1,300
Recreation and Hospitality 81,000 81,600 600
Hotels and Restaurants 77,200 77,600 400
Retail Trade 129,200 130,200 1,000
Trade, Transportation Utilities 173,800 174,800 1,000
Educational Services 36,500 36,600 100

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