%%EOF Unemployment is a key economic indicator and can be a sign of economic turmoil. The highest insured unemployment rates in the week ending June 20 were in Puerto Rico (25.4), Nevada (20.8), Hawaii No claims are made regarding the accuracy of Puerto Rico Economy 2020 information contained here. 330 0 obj <>/Filter/FlateDecode/ID[<64A3C06B244DD249B2ECA27009EED193>]/Index[314 44]/Info 313 0 R/Length 85/Prev 889893/Root 315 0 R/Size 358/Type/XRef/W[1 2 1]>>stream Puerto Rico Economic Growth The economy is set to recover mildly in FY 2021 (July 2020–June 2021), as growth is not expected until the second half of the year due to lingering uncertainty over the evolution of the pandemic and its associated measures weighing on activity. During the week ending June 20, 47 states reported 14,363,143 individuals claiming Pandemic Unemployment Assistance benefits and 41 states reported 850,461 individuals claiming Pandemic Emergency Unemployment Compensation benefits. By November 2009, it stood at 12% and had increased to 15.7% by October 2010. Download historical data for 20 million indicators using your browser. %PDF-1.5 %���� All suggestions for corrections of any errors about Puerto Rico Economy 2020 should be addressed to the CIA or the source cited on each page. 2) The rank that you see is the CIA reported rank, which may have the following issues: ... By Nelson D. Schwartz and Tiffany Hsu. The advance seasonally adjusted insured unemployment rate was 13.4% for the week ending June 13, a decrease of 0.5 percentage point. If someone is not actively looking for work, they are not included in the unemployment rate. Following is a preliminary list of the 2020 state unemployment insurance (SUI) taxable wage bases (as compared to 2019) and employee SUI withholding rates, if applicable. June 5, 2020. Aguadilla-Isabela-San Sebastian, PR The Trading Economics Application Programming Interface (API) provides direct access to our data. Barbados unemployment rate for 2019 was 10.33%, a 0.95% increase from 2018.; Barbados unemployment rate for 2018 was 9.39%, a 0.38% decline from 2017.; Barbados unemployment rate for 2017 was 9.76%, a 0.04% increase from 2016.; Barbados unemployment rate … Data extracted on: November 20, 2020 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. This statistic shows the unemployment rate in Puerto Rico from 1999 to 2020. Puerto Rico’s labor secretary has resigned as tens of thousands of unemployed workers have yet to receive financial aid promised months ago amid a pandemic that has deepened the U.S. territory’s… Puerto Rico includes the following metropolitan areas for which an Economy At A Glance table is available:. 314 0 obj <> endobj Download the entire news release (graphs and tables included PDF) 09/06/2020 - The OECD unemployment rate increased by an unprecedented 2.9 percentage points in April 2020 to 8.4%, compared to 5.5% in March, reflecting the impact of Covid-19 containment measures. h�b```b``~�����~�A�����, �"�)��7�6 u�0�6(0p�0�-X&!���}���K�Y��?����h~oM�ֵ�����1�eP�R��Dͅ�D��U;M}����,�k�΅�����0K�2嵧ߖ��Qa[�:1�50H004 !C�t�bd� B` �m@����H��جx~&6�l�.^eva�Q���P�}p�cKx[�{� Unemployment rates were lower in October in 37 states and the District of Columbia, higher in 8 states, and stable in 5 states, the U.S. Bureau of Labor Statistics reported today. 357 0 obj <>stream The number of unemployed people in the OECD area increased by 18.4 … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Puerto Rico Labor Force Participation Rate. In June, the largest unemployment rate decreases occurred in Nevada (-10.3 percentage points) and Hawaii (-9.6 points). Bureau of Labor Statistics News Release; State Rates 2009-2017 As of June 2020, the unemployment rate is 11.1%, according to the Bureau of Labor Statistics. SAN JUAN, Puerto Rico (AP) — Puerto Rico’s labor secretary resigned on Tuesday as tens of thousands of unemployed workers have yet to receive financial aid promised months ago amid a … endstream endobj 315 0 obj <. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The previous week’s rate … June 18, 2020 For the week ended June 13, seasonally adjusted initial claims declined to 1,508,000 from the previous week’s level. Half of the people unemployed in July had been out of the job for five weeks or less, while 19 percent had been unemployed for 15 weeks or more, according to the survey. Requirements and benefits vary by state. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Unemployment refers to the share of the labor … Rates declined over the month by at least 2.0 percentage points in an additional 27 states. Record rise in OECD unemployment rate in April 2020 . Puerto Rico is a Caribbean island and United States territory which has struggled with poverty long before the COVID-19 pandemic. And as of Saturday, 20 states, the District of Columbia and Puerto Rico had not paid out any money under the Pandemic Unemployment Assistance … �;,�B�m6P�y���b`| By June, the Latina unemployment rate had significantly recovered but remained 10.4 percentage points over its February level. 0 Inflation Rate in Puerto Rico averaged 1.94 percent from 2003 until 2020, reaching an all time high of 8.80 percent in October of 2005 and a record low of -1.70 percent in June of 2020. Data for all U.S. states, the District of Columbia and Puerto Rico is from April 2020, data from the Virgin Islands is from December 2019, data for Guam is from September 2019, data for American Samoa is from 2018, and data for the Northern Mariana Islands is from April 2010. This page provides the latest reported value for - Puerto Rico Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey … Departamento del Trabajo y Recursos Humanos, Puerto Rico, Labor Force Participation Rate by Country, Puerto Rico Coronavirus Deaths at 2.00 Persons, Puerto Rico Coronavirus Cases at 53708.00 Persons, Puerto Rico Coronavirus Recovered at 0.00 Persons, Ease of Doing Business in Puerto Rico at 65.00, Puerto Rico Internet Speed at 12366.58 KBps, Puerto Rico Average Precipitation at 94.71 mm, Puerto Rico Average Temperature at 25.12 celsius, Puerto Rico Balance of Trade at 704.70 USD Million, Puerto Rico Exports at 4363.50 USD Million, Oil Rallies after OPEC Announce Production Cut, Uruguay Inflation Rate Eases to 8-Month Low, Armenia Inflation Rate Rises to 1.6% in November, South Africa Stocks End at Over 10-Month High. ... c.2020 The New York Times Company. Claims for the prior week was 1,566,000 following an upward revision of 24,000 from 1,542,000. According to the U.S. Department of Labour (DOL), “The 4-week moving average was 1,503,750, a decrease of […] ... Puerto Rico U.S. Attorney’s Office and IRS Criminal Investigation Warn Taxpayers to be Alert for Scams Related to Covid-19 Economic Impact Payments. Affordable Housing, and Health Care: Here’s What’s Driving Latinos to the Polls in 2020. July 02, 2020 For the week ended June 27, seasonally adjusted initial claims declined by 55,000 to 1,427,000 from the previous week’s revised level. Puerto Rico had an estimated 88,000 people unemployed in July, 8,000 fewer than the 96,000 unemployed the same month last year. Labor Force Participation Rate in Puerto Rico increased to 41 percent in June from 39.10 percent in May of 2020. source: Departamento del Trabajo y Recursos Humanos, Puerto Rico Labor Force Participation Rate in Puerto Rico averaged 44.66 percent from 1990 until 2020, reaching an all time high of 49.80 percent in February of 2007 and a record low of 38.50 percent in October of 2017. State unemployment rates for August 2020 will be released in September 18th. As a result, on an island that already had the highest poverty rate in the United States, at least 300,000 Puerto Ricans have filed unemployment claims linked to … The labour force participation rate is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. June 2, 2020. The unemployment rate in June stood at 8.4 percent. Here Are the Faces of Puerto Rico’s Unemployed. Since data collection resumed effective May 2020, the Puerto Rico Department of Labor has Guilty Pleas And Sentences. A preliminary look at the 2020 state unemployment taxable wage bases. Unemployment insurance is a joint state-federal program that provides benefits to eligible workers who lose their jobs through no fault of their own. In 2020, 8.41 percent of the total labor force in Puerto Rico was … July 31, 2020: 8.50% June 30, 2020: 8.90% May 31, 2020: 9.00% April 30, 2020: March 31, 2020: February 29, 2020: 8.80% January 31, 2020 Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. The bureau reported that there were 973,196 employed in June 2020. STATE EMPLOYMENT AND UNEMPLOYMENT — OCTOBER 2020 . Unemployment Rate in Puerto Rico averaged 14.76 percent from 1976 until 2020, reaching an all time high of 25.30 percent in January of 1983 and a record low of 7 percent in August of 2019. The table below shows how the number of people receiving benefits has changed in the past year in the 50 states, the Washington, DC, and Puerto Rico. Unemployment is a significant issue in Puerto Rico with the unemployment rate being as high as 11.7% in 2006. The national unemployment rate fell by 0.5 percentage point over the month to 7.9 percent but was 4.4 points higher than in September 2019. The largest over-the-month jobless rate increase occurred in Nebraska (+1.4 percentage points). The advance seasonally adjusted insured unemployment rate was 14.4 percent for the week ending May 30, ... Puerto Rico, Rhode Island, Vermont, Washington, West Virginia, and Wisconsin. State & Local Unemployment Rates ; Unemployment Research; ... Employment in Puerto Rico’s only large county, the municipio of San Juan, increased 1.3 percent from September 2017 to September 2018. endstream endobj startxref Publish your articles and forecasts in our website. Wage bases shown in bold changed from the prior year. A protest of delays in unemployment benefits in Puerto Rico last week, when new state claims rose to 1.1 million. Direct access to our calendar releases and historical data. Puerto Rico Unemployment Rate 1991-2020. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Press Release. h�bbd``b`.L_�c�`��4�����g|� �H�փ�� � B$Q$x�D�&FƓ@��v?0 P=S Press Release. Published Aug. 20, 2020 … Claims for the prior week was 1,482,000 following an upward revision of 2,000 from 1,480,000. Unemployment rate by jurisdiction. The natural rate of unemployment is between 3.5% and 4.5%. ... Data Series Back Data Apr 2020 May 2020 June 2020 July 2020 Aug 2020 Sept 2020; Labor Force Data. In 2019, of Puerto Rico’s 3.2 million people, 43.1% of the total population and 57% of children lived in poverty. Puerto Rico in mid-June had the highest insured unemployment rate in the country, at 23%, according to the U.S. Department of Labor. In June 2019 there were 1,023,787 employed on the island. This page provides - Puerto Rico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and … April 1, 2020. Puerto Rico Department of Labor has reported a misclassification in its household survey since May ... Table B. Moreover, recurrent earthquakes pose a downside risk to the outlook. For comparison, the U.S. national poverty rate was drastically lower at 13.1%. Consistent with this picture of … According to the U.S. Department of Labour (DOL), “the 4-week moving average was 1,773,500, a decrease of 234,500. �xK�!|�;�P b�-� u�p�0މ�P�� �/^X Of Labor Statistics API ) provides direct access to our calendar releases and historical Data 20... Are made regarding the accuracy of Puerto Rico with the unemployment rate being high... 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