Thursday, January 20, 2022

December Unemployment Rate Stands at 12.2%

By on January 26, 2016

SAN JUAN – Labor Department Secretary Vance Thomas announced Tuesday that the unemployment rate for December stood at 12.2%.

The data on employment, unemployment and nonfarm payroll, certified by the U.S. Bureau of Labor Statistics, also show an increase in total employment.

“The data from the recent employment and unemployment survey show that the unemployment rate, adjusted for December, stood at 12.2%, the lowest for that month since 2007, when it was at 11.3%. This rate is 1.5% lower when compared with December 2014 [13.7%],” Thomas said.

The survey also found an increase in total employment, putting the figure at 1,012,000 people employed.

“The latest survey showed that total employment had an increase of 29,000 people, compared with December 2014 [983,000], demonstrating, with numbers, the efforts of this administration in creating jobs,” the Labor secretary added.

The survey, which is obtained using visits to a sample of households, also showed that the labor-participation rate for December 2015 (40.8%) registered an increase of 0.8% compared with December 2014 (40%).

Also revealed Tuesday were the results of the nonfarm payroll employment survey, obtained directly from industrial establishments, which shows several industries have created a significant number of jobs.

Thomas said the island’s hotel and restaurant, and Recreation and hospitality sectors continue seeing job gains.

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