New car unit sales totaled 11,117 in February 2022, a 5.47% increase compared to February 2021 (10,540 units), and a 6.8% increase compared to January 2022 (10,407 units). this is the highest number of new car sales for the month of February. Total new car unit sales in February 2018 were 6,828 units, in February 2019 were 7,721 units, in February 2020 were 8,402 units,...Read More
Intelligent Economics recently released a report detailing notable labor market tendencies in 2021, the findings are summarized below: Monthly employment and labor force averages bounced back to their pre-pandemic levels in 2021Full-time employment grew by 93,000 or 14.1% when compared to 2021Full-time employment increased when compared to 2019 while part-time employment decreasedThere is no evidence that one is driving the otherIn December 2021 the average...Read More
El COVID-19 ha tenido el efecto de acelerar profundos cambios económicos y sociales que a penas comenzamos a entender. Por ejemplo, uno de estos cambios, es la intensificación del comercio digital como opción de consumo para millones de personas, incluyendo a Puerto Rico. Gigantes de esta industria liderados por Amazon, ya han puesto su mira sobre el mercado local, lo que afectará a miles de...Read More
El conflicto militar en Ucrania, desatado mediante la invasión rusa el 24 de febrero tiene fuertes efectos sobre la economía local y la economía global. En primera instancia, ocurre en un momento en el cuál la economía mundial no ha logrado normalizarse luego del impacto de la pandemia del COVID-19. Previo a la pandemia, las proyecciones del Banco Mundial era que la economía creciera un...Read More
Retail sales in the United States reached a seasonally adjusted total of $649 billion in January 2022. Compared to January 2021, there was an increase in sales of 13%. Amongst the major retail categories, the largest year over year increases were seen in gas stations (33.4%), food service and drinking places (27%), and clothing stores (21.9%). Non-store retailers, online shopping, saw an increase of 8.4%...Read More
