Saturday, March 25, 2023
Home   >   Economy   >   Puerto Rico Unemployment rate for November pegged at 11.9%

Puerto Rico Unemployment rate for November pegged at 11.9%

By on December 16, 2016

SAN JUAN, PUERTO RICO - JUNE 30: People look at the job listing posted on the wall at an unemployment office a day after the governor gave a televised speech regarding the governments $72 billion debt on June 30, 2015 in San Juan, Puerto Rico. The Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)

People look at the job listing posted on the wall at an unemployment office in San Juan. (Photo by Joe Raedle/Getty Images)

SAN JUAN – Labor Secretary Vance Thomas announced Friday the publication of the most recent employment and unemployment statistics and non-farm payroll employment for November, which reflect that the island’s unemployment rate continues to decline.

“Data from the recent Employment and Unemployment Survey show that the adjusted unemployment rate for the month of November 2016 fell to 11.9 percent. This rate represents 0.3 percent less than in November 2015 [12.2 percent],” Thomas said in a written statement.

The survey, which is obtained through visits to a sample of households, also reflected that adjusted total employment stood at 1,002,000 jobs. The report also shows that the labor-force participation rate stood at 40.1 percent.

The results of the Non-Farm Payroll Employment Survey were also released. The survey is obtained directly from the payrolls of goods, construction and manufacturing companies, and indicated that several industries had job-creation increases.

You must be logged in to post a comment Login