The latest report released by The U.S. Bureau of Labor Statistics states that inflation in the month of June 2022 is up to 9.1% before seasonal adjustment. Meaning that goods and services were 9.1% more expensive in June 2022 than in June 2021. This is the largest over the year increase even surpassing the record breaking rate of March 2022 of 8.5%. Over the month...Read More
Recientemente, tuve la oportunidad de entrevistar para mi programa de radio, “Pulso Económico” que transmite por WKAQ 580 am, a Rafa Rojo, ex presidente de la Asociación de Constructores de hogares. Dialogamos sobre los retos y las oportunidades que actualmente en el contexto de la subida de tasas de intereses, la posible recesión y los altos costos de los materiales de construcción. En paralelo, existe...Read More
The consumer price index which calculates inflation, the increase in prices, was 128.66 for the month of May 2022, this is a 6.4% increase compared to May 2021, and a 0.5% increase compared to April 2022.Read More
The consumer price index which calculates inflation, the increase in prices, was 128.66 for the month of May 2022, this is a 6.4% increase compared to May 2021, and a 0.5% increase compared to April 2022. Food and Transportation are the industries that have the most influence on the total inflation in the island due to having the largest amounts of inflation overall. Food and...Read More
Employment for the month of May totaled 1,134,000, a 5.91% increase compared to May 2021, and a -0.4% drop compared to April 2022. Source: Department of Labor Occupations with the largest increase in employment include Professional, Executive and Managerial Occupations, 31.1%, Technicians, Sales and Personnel Support, 26.4%, and Service Occupations, 16.5%. Employment in agriculture totaled 15,000, almost doubled compared to May 2021 (8,000). While those...Read More
