Non–farm payroll in Puerto Rico for June 2022 reached 912,900. This reflects an increase of 4.77% or 41,600 when compared to numbers reported in June 2021. However, compared to the previous month of May 2022, we see a decrease of 3,700 or 0.33%.
|Employment (thousands)||March 2020||June 2021||June 2022||Percentage Change|
|Professional and Business Services||124.4||128.8||141.2||9.6%|
|Leisure and Hospitality||81.4||75.1||86.7||15.5%|
When comparing June 2022’s numbers with those of June 2021’s, the categories that forwent the most significant increases in employment were Professional and Commercial Services (9.6%), Leisure and Hospitality (15.4%), and Manufacturing (8.3%). The only major category with a year-over-year decrease in employment is Government (-29.9%).
The major employment categories that had the most significant month-over-month increases were Trade, Transportation & Utilities (0.6%), Manufacturing (0.7%), and Educational and Health Services (0.4%). Employment in the Government was the only sector with a significant decrease of – 3.34% compared to May 2022.
Overall, employment rates have regained strength over the last couple of months, as shown in the data published by Puerto Rico’s Labor Department; the numbers have already surpassed pre-pandemic levels and even pre-Hurricane Maria levels and this is greatly due to expansions in the Professional and Business Services, Leisure and Hospitality, and Trade, Transportation & Utilities sectors. However, it is worth noting that June’s decrease is the first contraction seen in employment rates since December 2021. This could be a sign that the labor force is once again stabilizing and that the continuous growth in employment rates since COVID-19 struck, is coming to an end.