SAN JUAN – Puerto Rico’s unemployment rate rose to 15.7 percent in January, up from 14.7 percent the previous month, according to figures released Monday by the Department of Labor and Human Resources.
The number of people without work in January stood at 203,000 on the Caribbean island, 16,000 more than in December, but if one compares the latest figure with that for the same month last year, the unemployment rate actually fell by one-tenth of a percentage point.
The total number of people working in Puerto Rico in January was 1.08 million, meaning that 3,000 jobs were lost since the previous month, while 26,000 jobs disappeared when compared with January 2010.
The rate of workforce participation in January was 41.4 percent, compared with 41.7 percent in December.
Puerto Rico entered recession before the continental United States and the island’s economy remains mired in the doldrums. EFE