Unemployment Rate in Puerto Rico decreased to 8.30 percent in October from 8.60 percent in September of 2018. Unemployment Rate in Puerto Rico averaged 13.11 percent from 1990 until 2018, reaching an all time high of 18.40 percent in August of 1993 and a record low of 8.30 percent in October of 2018.
Unemployment Rate in Puerto Rico is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Puerto Rico to stand at 7.10 in 12 months time. In the long-term, the Puerto Rico Unemployment Rate is projected to trend around 7.30 percent in 2020, according to our econometric models.