Puerto Rico Economic Pulse ©

July 1999: Where will the new jobs come from?

Can Rising Interest Rates Put the Brakes on the Economic Expansion?

A low unemployment rate in Puerto Rico does not necessarily mean more jobs are being created. Discourage workers leave the labor force and this artificially reduces unemployment. By international comparisons, the island`s 78% share of services in employment surpasses Europe, Latin America (64%), and most country (29%). During the past twenty year, services have grown uninterruptedly. Services is the big winner and manufacturing is the big loser in jobs but not in wages. Brainpower is wanted with Professional and Managers experiencing the highest demand. Learn about the risks of Puerto Rico`s secret weapon to achieve economic development.