The consumer price index which calculates inflation, the increase in prices, was 128.66 for the month of May 2022, this is a 6.4% increase compared to May 2021, and a 0.5% increase compared to April 2022.Read More
Employment for the month of May totaled 1,134,000, a 5.91% increase compared to May 2021, and a -0.4% drop compared to April 2022. Source: Department of Labor Occupations with the largest increase in employment include Professional, Executive and Managerial Occupations, 31.1%, Technicians, Sales and Personnel Support, 26.4%, and Service Occupations, 16.5%. Employment in agriculture totaled...Read More
In the month of March 2022, there was a total of 1,076 housing units sold, including new and used houses. These houses were only Purchasing and Sale, not refinancing or Commercial. Specifically, there were 993 used housing units sold, and 83 new housing units sold. These housing sales total for March averaged $193,813 per housing...Read More
New car unit sales for May 2022 totaled 10,326. Since May 2021, the amount decreased by 2,360 units (-18.6%). Compared to May 2019, sales are up 16.5%. In the first five months of the year, sales are down -3.5% compared to the same five-month period from last year. Compared to the same period of 2019,...Read More
The number of new unemployment insurance claims because of unemployment in the week of May 7-14 reached 1,157 claims; a 5% increase from the previous week. The total number of unemployment insurance claims that week was 13,190, including initial and continued claims. The total amount of claims had an increase of 3.94% when compared to...Read More
Inflation for the month of April stood at 6.1%, the highest figure since October 2018, according to data from the Department of Labor and Human Resources. The rise is due to the increase in the price of gasoline (37.1%) and food, mainly oils (24.7%), meat, poultry, fish, eggs (11.2%), and cereals (8.5%). Prices have been...Read More
The Purchasing Managers Index demonstrates the direction in which the manufacturing industry’s economy is moving. The PMI compares the current state of the manufacturing sector with the prior month. The neutral value is 50 indicates no change, a value less than 50 means that it’s contracting, and a value greater than 50 means that it’s...Read More
Retail sales in February 2022 reached $2,670 millions , with a 2.5% over the year increase when compared to February 2021. When compared to February 2019 there is only a -1% difference, which shows that Puerto Rico’s retail sales are essentially back at the pre-pandemic level, despite the Omicron outbreak in early 2022. February 2022...Read More
A total of 75,117 cruise ship passengers arrived in the island in March 2022. This represents an increase of 19,830 passengers or 35.9% when compared to March 2020. When compared to February 2022 passenger traffic increased by 40,778 or 118.8%. These passengers were distributed among 46 separate trips. When compared to March 2020 total trips...Read More
The U.S. The Bureau of Labor Statistics released a report stating that unemployment in April 2022 has decreased when compared to March; it reached 77,561 a 2.6% decrease when compared to the previous month. Additionally, it had an even greater decrease when compared with the April 2021 number, which had a decrease of -16% change...Read More
