Bonds

Puerto Rico July employment reports were mixed

Puerto Rico employment numbers were mixed in July.

The U.S. Bureau of Labor Statistics’ household survey showed July employment was down 0.06% from the June total.

The bureau also releases an employment survey of non-farm establishments and this showed an increase of 0.4% from June. The survey does not include self-employment.

July’s household survey total was up 0.7% from the July 2020 figure. The establishment survey figure for July was up 4% in the same period.

Looking at a longer-term perspective, July’s household figure was down 0.3% from the July 2016 figure. The July establishment survey total was down 4.3% from the total for July 2016.

Private sector employment trends can also be determined from the establishment survey. July’s total private sector employment was down 0.4% from the June total, up 5% from the July 2020 total, and down 0.6% from July 2016.

In other Puerto Rico economic news, on Aug. 13 the Economic Development Bank for Puerto Rico reported that the Economic Activity Index was down 0.5% in June from May, but up 8% from June 2020.

Articles You May Like

Crypto exchange FTX quietly shops for brokerage start-ups amid move into stock trading, sources say
Stocks could build on gains in the week ahead as investors await Friday’s jobs report
Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’
fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher
Stocks making the biggest moves midday: Deere, Foot Locker, Palo Alto Networks and more