Unemployment in Puerto Rico
Puerto Rico - UnemploymentAlthough economic activity increased at the fastest year-on-year pace in recent history in October, according to the Economic Development Bank for Puerto Rico, this was overwhelmingly due to a low base effect following the destruction wreaked by Hurricanes Irma and Maria. Meanwhile, senators approved fiscal measures in November which include a 29% tax on non-island companies that provide services to the local government and a slight reduction in corporate tax. Although these measures await final approval by the governor, the overall effect of this legislation is expected to improve the public finances.
Puerto Rico - Unemployment Data
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