Puerto Rico Economic Pulse ©

June 1998: Human Resources at a Crossroad:

Are we ready for the 21st Century?

For most modern, fast growing economies, human resources have become the engine driving its present and future development.  During the past decades, Puerto Rico’s workforce has been either unemployed or plainly discouraged. Historically, the island’s participation rate has been below 50% and unemployment rates have hovered around the 14% to 16% levels. Trends in human resources indicate a shift away from manufacturing and into services. What types of jobs will be required and how will our education meet the challenges? This issue looks at some of the factors explaining the survival of the working age population without a job and how education will shape the outlook for the future.
(See Special Edition on 9/00.)