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The accumulated retail sales up to the month of December reached the figure of $39.173 billion, an increase of 4% compared to the sales of 2022 when they reached $37.649 billion. The nominal increase is 2.1% higher than the prevailing inflation level on the Island, which stands at 1.9%. However, sales for the month of...
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En 2023, Puerto Rico experimentó cambios significativos en su mercado laboral, reflejando una tendencia general hacia la recuperación y el crecimiento en varios sectores. A lo largo del año, la fuerza laboral y el empleo mostraron signos positivos, con variaciones mensuales que indican una progresión hacia una estabilidad económica mejorada.La fuerza laboral civil experimentó un...
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The Puerto Rican economy has exhibited a series of fluctuations in recent months, capturing the interest of analysts, investors, and policymakers alike. Through the Economic Activity Index (EAI), a key indicator for evaluating the pulse of economic activity on the island, we have observed trends that suggest a period of notable economic dynamism, especially in...
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En diciembre, la inflación en Puerto Rico mostró tendencias diversas en distintos sectores, según los últimos datos.Inflación general: La tasa de inflación general para todos los grupos combinados se registró en 1,98%, lo que representa una disminución en comparación con el 2,7% de octubre. Esto demuestra que la inflación ha comenzado a disminuir.Posible causa: Esta reducción podría deberse a...
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Si bien el empleo sigue aumentando, el ritmo de creación de puestos de trabajo se está desacelerando. La nómina no agrícola (SA) totalizó 956.300 puestos de trabajo en diciembre. Esto marca una disminución del 0,07% en comparación con noviembre de 2023, donde el total de puestos de trabajo fue de 957.200. Aunque hubo una ligera...
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In December, inflation in Puerto Rico showed varied trends across different sectors according to the latest data. The overall inflation rate for all groups combined was recorded at 1.98%, when compared to October’s 2.7%, it shows how inflation has started to decrease.This could be an effect on how Interest Rates have been in locked since...
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Employment is still on the rise, Nonfarm payroll (SA) totaled 956,300 jobs in December. This marks a decrease of .07% when compared to November 2023 where the total jobs were 957,200. Although there was a slight decrease, jobs should continue to keep increasing in the coming months as it has been doing during 2023. The...
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The accumulated retail sales up to the month of November reached the figure of $35.268billion, an increase of 4% compared to the sales of 2022 when they reached $33.912 billion. Thenominal increase is 2% higher than the prevailing inflation level on the Island, which stands at 2%.However, sales for the month of November alone increased...
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In the past decade, Puerto Rico has undergone a turbulent journey in its labor market, revealing a narrative of resilience, challenges, and transformations. A detailed analysis of total employment on the island, measured in thousands of individuals since 2010, provides an insightful perspective on economic trends and the forces shaping the labor landscape. Trends and...
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The most important global economies are generally determined by their Gross Domestic Product (GDP),which measures the total value of goods and services produced within a country. Despite the recentglobal tensions and the disruption created by the Covid-19, measured by GPD, the global economy isgrowing at an average rate of 3% during 2023 and the projection...
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