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Puerto Rico reports lowest unemployment in 50 years

Puerto Rico reports lowest unemployment in 50 years

Puerto Rico's monthly unemployment figure dropped in July to its lowest point in half a century, according to new government figures.

Unemployment reached 9.1 percent in July, down from 9.3 percent in June and 10.3 percent in July 2017, the Bureau of Labor Statistics reported Friday.

Puerto Rico Gov.

The July labor participation rate was 41 percent, a 0.1 percent dip from June, but a 1.4 percent raise compared to July 2017.

But Rosselló said the employment statistics show the island is reaching a turning point toward economic growth.

Source: thehill.com
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