March Unemployment Rate Pegged at 11.8%
SAN JUAN – Labor Department Secretary Vance Thomas said Friday that Puerto Rico’s unemployment rate for March was 11.8%, according to adjusted data from a recent survey.
The rate represents a 0.4% decrease when compared with the same month last year (12.2%), Thomas said.
The Employment & Unemployment Survey, which is obtained through visits to a representative sample of households, also showed that the adjusted total employment stood at one million jobs, or an increase of 8,000 more people employed than in March 2015 (992,000).
The report also showed that the labor-force participation rate stood at 40.3%, representing no change when compared with March 2015.
The nonfarm payroll employment survey reflects that various industries saw job creation increases. The survey excludes government, private household, nonprofits that provide assistance to individuals and farm employees.
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