Unemployment Rate in Puerto Rico decreased to 7.70 percent in May from 7.80 percent in April of 2019. Unemployment Rate in Puerto Rico averaged 14.92 percent from 1976 until 2019, reaching an all time high of 25.30 percent in January of 1983 and a record low of 7.60 percent in November of 2018.
Unemployment Rate in Puerto Rico is expected to be 7.10 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 11.20 percent in 2020, according to our econometric models.