Puerto Rico

Puerto Rico

CEPR has been examining economic and political developments in Puerto Rico, and the role of the US government, since the 2010s.

Op-Ed/Commentary

Latin America and the CaribbeanPuerto RicoWorld One Year after Hurricane Maria, Employment in Puerto Rico is Down by 26,000
Puerto Rico’s economy has had considerable problems over the last decade, and Hurricane Maria, which struck the island just over one year ago and was the worst natural disaster on record in Puerto Rican history, greatly exacerbated them. Despite nearly unanimous recognition of the island’s ongoing economic woes, Governor Ricardo Rosselló touted employment growth last month as the economy gained 100 jobs in July (this was revised down to a loss of 400 jobs). Rosselló was looking at the household survey, which surveys people, rather than the establishment survey, which surveys businesses — and is the standard for reporting month-to-month employment numbers. (The household survey, which Rosselló used, might be better at including the informal sector, but it’s worse at reliably tracking jobs created and lost.) Employment fell in August as well, with another 1,000 jobs lost. Rosselló has claimed the island is seeing an “economic recovery.”

Kevin Cashman / September 25, 2018

CEPR has been examining economic and political developments in Puerto Rico, and the role of the US government, since the 2010s.

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