Puerto Rico's unemployment rate falls to 11.9 pct.
Puerto Rico's unemployment rate fell to 11.9 percent in July, down 0.70 percent from the previous month, the Labor Department said.
The unemployment rate has fallen by 1.8 percent since July 2014, the department said in a statement.
The island's labor force participation rate was at 39.5 percent last month, down 0.20 percent from June and 0.10 percent relative to July 2014.
A total of 992,000 people were employed in Puerto Rico in July, down by 3,000 from June and by 10,000 compared to July 2014.
The release of the latest employment report comes days before the government unveils its fiscal adjustment plan, in which officials will lay out their spending and investment policies for the next five years.
Puerto Rico's government is trying to figure out how to deal with the island's $73 billion debt amid a slumping economy. EFE
Puerto Rico's unemployment rate falls to 11.9 pct.
The unemployment rate has fallen by 1.8 percent since July 2014, the department said in a statement.
The island's labor force participation rate was at 39.5 percent last month, down 0.20 percent from June and 0.10 percent relative to July 2014.
A total of 992,000 people were employed in Puerto Rico in July, down by 3,000 from June and by 10,000 compared to July 2014.
The release of the latest employment report comes days before the government unveils its fiscal adjustment plan, in which officials will lay out their spending and investment policies for the next five years.
Puerto Rico's government is trying to figure out how to deal with the island's $73 billion debt amid a slumping economy. EFE
Puerto Rico's unemployment rate falls to 11.9 pct.
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