Fiscal Balance in Puerto Rico
Puerto Rico - Fiscal BalanceThe economy remains downtrodden following the devastating hurricanes of late 2017, although marginal progress has been made since then. In November, the unemployment rate fell to 7.6%, which is the lowest since current records began nearly two decades ago. However, this was partly because the labor force shrank compared to both the previous month and the same month a year earlier, and the participation rate fell to an over one-year low. Meanwhile, another glimpse of progress was evident in the Economic Development Bank’s monthly index of economic activity, which showed growing activity in both September and October.
Puerto Rico - Fiscal Balance Data
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