The latest report released by The U.S. Bureau of Labor Statistics states that inflation in the month of June 2022 is up to 9.1% before seasonal adjustment. Meaning that goods and services were 9.1% more expensive in June 2022 than in June 2021. This is the largest over the year increase even surpassing the record...Read More

Recientemente, tuve la oportunidad de entrevistar para mi programa de radio, “Pulso Económico” que transmite por WKAQ 580 am, a Rafa Rojo, ex presidente de la Asociación de Constructores de hogares. Dialogamos sobre los retos y las oportunidades que actualmente en el contexto de la subida de tasas de intereses, la posible recesión y los...Read More

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. Food and Transportation are the industries that have the most influence on the total inflation in the island due...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

According to data published by the Department of Labor and Human Resources, inflation for the month of April stood at 6.1%, the highest figure in 14 years since October 2018. 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...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