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. The Puerto Rico Department of Labor and Human Resources (PR DOL) has issued FAQs regarding unemployment benefits during the COVID-19 pandemic. Unemployment insurance is a joint state-federal program that provides benefits to eligible workers who lose their jobs through no fault of their own. Puerto Rico is a Caribbean island and United States territory which has struggled with poverty long before the COVID-19 pandemic. Data collection resumed effective May 2020, and BLS resumed publication of the not seasonally adjusted data beginning with the June 2020 issuance of this news release on July 17, 2020. The poverty rate among those that worked full-time for the past 12 months was 10.45%. According to the May … This IUR caused Puerto Rico to be triggered “on” to an EB period that began May 3, 2020. Currently, 100% of the population of Puerto Rico is urban (2,933,408 people in 2019) Population Density The 2019 population density in Puerto Rico is 331 people per Km 2 (857 people per mi 2 ), calculated on a … Record rise in OECD unemployment rate in April 2020 . 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. *: Save for the Unemployment Insurance-Initial Filed Claims, the Apr & May 2020 labor force data was interpolated by the EDB. Poverty in Puerto Rico. In 2019, of Puerto Rico’s 3.2 million people, 43.1% of the total population and 57% of children lived in poverty. Data published Monthly by Department of Labor & Human Resources. ... , May 23, 2020. Unemployment rate - Seasonally Adjusted. Read more Unemployment Rate in Puerto Rico averaged 14.74 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 advance seasonally adjusted insured unemployment rate was 4.1 percent for the week ending November 14, a ... Puerto Rico 988 1,141 -153 46,366 47,184 -818 ... May 2, 2020 3,176 -691 4,180.50 22,548 171 19,688.75 15.5 Moreover, recurrent earthquakes pose … On May 22 nd 2020, the U.S. Bureau of Labor Statistics released the Seasonally Adjusted Unemployment rates for each of the fifty U.S. states but “Due to the effects of the pandemic and efforts to contain the virus, Puerto Rico was not able to conduct normal data collection for its household survey in March or April 2020.”. You can learn more about how the Puerto Rico … This page provides the latest reported value for - Puerto Rico Unemployment Rate … 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. Moreover, the number of people on payrolls in September was down 673,000 from March, while the claimant count ticked up to 2.7 million in … SAN JUAN – The unemployment rate in Puerto Rico stands at 16.5 percent, the highest of all U.S. jurisdictions, and the government is announcing even more layoffs of public employees. Unemployment Rate in Puerto Rico decreased to 8.40 percent in October from 9.30 percent in September of 2020. Counties Puerto Rico States U.S. Puerto Rico unemployment rate for 2019 was 8.19%, a 1.01% decline from 2018. Regional Data. Graph and download economic data for Youth Unemployment Rate for Puerto Rico (SLUEM1524ZSPRI) from 1991 to 2020 about Puerto Rico, 15 to 24 years, unemployment, and rate. 09/09/2020 - The OECD area unemployment rate fell to 7.7% in July 2020, from 8.0% in June, but remained 2.5 percentage points above the rate in February, before the COVID-19 pandemic hit the labour market. Employment, Unemployment: Table: Nov 2020: New York-New Jersey - Employment Cost Index: Benefits, Pay: Table: Nov 2020: County Employment and Wages in Puerto Rico — Third Quarter 2019: Employment, Pay: News Release: Mar 2020: Occupational Employment and Wages in San Juan-Carolina-Caguas — May … The race most likely to be in poverty in Puerto Rico is Islander, with 76.24% below the poverty level. The number of unemployed people in the OECD … SAN JUAN – Last month’s Puerto Rico jobs survey was announced Friday by both Labor Secretary Carlos Saavedra and Gov. Publication of seasonally adjusted data for Puerto Rico will resume at a later time, pending further research. Puerto Rico collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Bureau … 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. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Unemployment rate: 10.8% (2017 est.) Among the new unemployment-related benefits for Puerto Rico employees are: a $600 supplement to state-paid unemployment compensation for those who already qualify for up to four months. Puerto Rico's state minimum wage rate is $6.55 per hour.This is less than the current Federal Minimum Wage rate of $7.25.Under the Fair Labor Standards Act (FLSA), the lower state rate is obsolete and superceded by the Federal minimum wage.The minimum wage applies to most employees in Puerto Rico, with limited … ... 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. The monthly fall for the OECD as a whole masks strong regional differences. The race least likely to be in poverty in Puerto Rico is White, with 35.51% below the poverty level. Sources. North Dakota 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 … The unemployment rates (seasonally adjusted) also decreased for people with no disabilities (7.5% to 6.4%) and for people with a disability … The maximum rate was 25.3 % and minimum was 7 %. The International Labor Organization's World Employment and Social Outlook: Trends 2019 reported that the world's unemployment rate dropped below 5% in 2018, the lowest since … Unemployment rate by jurisdiction. Puerto Rico inflation rate for was 0.00%, a … Puerto Rico unemployment rate for 2017 … Puerto Rico unemployment rate for 2018 was 9.20%, a 1.6% decline from 2017. The Graph and download economic data for Unemployment Rate in Humacao Municipio, PR (LAUCN720690000000003A) from 1990 to 2019 about unemployment, rate, and USA. The FAQs were issued only in Spanish. 2020. As of October 2020 The October 2020 total unemployment rate (seasonally adjusted) decreased from the September 2020 total unemployment rate (7.9% to 6.9%). While triggered, HUP increases the maximum potential number of weeks for claimants on regular unemployment to 59 weeks and individuals on Pandemic Unemployment Assistance from 39 weeks to 46 weeks. This statistic shows the employment in Puerto Rico from 2010 to 2018, with projections up until 2020. Employees who may be eligible to unemployment benefits include: Regular or part-time employees who do not … This satellite image provided by 2020 Maxar Technologies shows the damaged radio telescope at the Arecibo Observatory in Puerto Rico, Thursday, Nov. 17, 2020. In 2020, 8.41 percent of the total labor force in Puerto Rico was unemployed. 2) The rank that you see is the CIA reported rank, which may have the following issues: ... which may have the following issues: a) … Because data for the … Unemployment Rate in Puerto Rico decreased to 8.4 % in October 2020. This means an increase on the current Puerto Rico weekly unemployment compensation of $190 to a maximum … 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. Notably, Puerto Rico has the highest maximum marginal tax bracket in the United States. Puerto Rico's 13-week insured unemployment rate (IUR) for the week ending April 18, 2020 was 5.20 percent, which exceeds 120 percent of the corresponding rate in the prior two years. PUERT O EC ATORS F Prepared by Oice of Economic Studies updated as of ovember 13, 2020 21 FY 20 FY Labor Force (thds., n.s.a.) 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. For comparison, the U.S. national poverty rate was drastically lower at … All 50 states and the District had jobless rate increases from a year earlier. Unlike the Federal Income Tax, Puerto Rico's state income tax does not provide couples filing jointly with expanded income tax brackets.. By May 2020, the unemployment rate may have been as high as 16%. Requirements and benefits vary by state. According to the ONS, in June–August the unemployment rate ticked up to 4.5%—an over three-year high—while redundancies rose at a record pace in quarter-on-quarter terms. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. Eligibility. Ricardo Rosselló, who lauded the island’s unemployment rate, which dropped to 9.3%, the lowest in the past 50 years. By September 2020, the unemployment rate decreased to 7.9%. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. State unemployment rates for August 2020 will be released in September 18th. 1/ Sep-20 Aug-20 Sep-19 Jul - Sep Jul - Sep % Ch. 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