12.2% JOBLESS RATE.
Puerto Rico's unemployment rate reached 12.2% in May 2002, up from 11.4% in May 2001, reports Caribbean Business (June 25, 2002). The Department of Labor and Human Resources' monthly household survey showed that employment in most sectors has shrunk, except for the Government and services sectors, which have grown by 5,900 and 1,200 jobs, respectively. Manufacturing is down 8,000 jobs since May 2001, to 129,300. The commerce sector is down by 6,900 jobs while the construction sector is down by 1,500 jobs. The found that the island's total workforce rose from 1,299,000 in May 2001 to 1,357,000 in May 2002. The number of self-employed persons rose from 153,000 to 166,000. The labor participation rate was 46.3%, vs. 45.4% in May 2001.
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|Date:||Aug 1, 2002|
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