The Total Non-Farm Employment in Puerto Rico for the month of February 2023 amounted to 941,000 employments, the highest levels of employment since November 2012. These February 2023 values also are a 3.1% increase compared to the previous year’s February 2022 employments, but a minimal 0.1% increase compared to the previous month of January 2023’s employment levels.Read More
The Total Non-Farm Employment in Puerto Rico for the month of February 2023 amounted to 941,000 employments, the highest levels of employment since November 2012. These February 2023 values also are a 3.1% increase compared to the previous year’s February 2022 employments, but a minimal 0.1% increase compared to the previous month of January 2023’s employment levels. When evaluating the major sectors in the economy...Read More
The Puerto Rico real estate market has continued to show resilience in the face of the pandemic, with both new and used housing units seeing a steady rise in sales and total sales amount over the past two years. The data from January 2021 to February 2023 shows a consistent trend of growth, even during times of economic uncertainty. From January 2021 to February 2023,...Read More
In recent news, the crisis of two banks in the United States and one in Europe has had a ripple effect in Puerto Rico. The intervention of federal regulators in Silicon Valley Bank and Signature Bank brought back memories of the 2008 financial crisis and the subsequent crisis that occurred on the island in 2010. However, the federal government has been working to guarantee the...Read More
La semana pasada, en Puerto Rico sentimos la sacudida de la crisis de dos bancos en Estados Unidos, y uno en Europa. La intervención de los reguladores federales en el Silicon Valley Bank, ubicado (California), y el Signature Bank (Nueva York), levantó los traumas de la crisis bancaria del 2008, en Estados Unidos, y luego en el 2010 en la Isla. El gobierno federal ha...Read More
