Boricuas: ¿Por qué buscan el norte? (CNN Español)
Entrevista en CNN Español a Deepak Lamba-Nieves, Director de Investigaciones para el Centro Para Una Nueva EconomĂa (CNE).
CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
Entrevista en CNN Español a Deepak Lamba-Nieves, Director de Investigaciones para el Centro Para Una Nueva EconomĂa (CNE).
Current discussions on the impact of expected employment reductions in Puerto Rico’s government have emphasized aggregate macro-economic effects such as the potential contraction in aggregate consumption, and the risk of increased default levels in household debt. However, there has been hardly any focus on the specific social sectors that would bear the brunt of the impact of such dismissals.Â
Recently released economic data for Puerto Rico present a significantly deteriorating economic picture. The Puerto Rico Labor Department reported that the unemployment rate for the month of July was 16.5%, the highest level in 16 years. If we take into account the unemployed who are not looking for jobs, the so-called discouraged workers, and those who are underemployed, who desire to work full time but can only find part-time work, the island’s unemployment rate would probably approximate 25%.