Insured Unemployment Rate in Puerto Rico
This dataset tracks insured unemployment rate in puerto rico over time.
Latest Value
2.67
Year-over-Year Change
63.80%
Date Range
2/8/1986 - 7/19/2025
Summary
The Insured Unemployment Rate in Puerto Rico measures the percentage of the insured labor force that is currently unemployed and receiving unemployment insurance benefits. This metric provides insight into the island's economic conditions and labor market trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Insured Unemployment Rate in Puerto Rico is a key indicator of labor market health and economic performance on the island. It tracks the share of the insured workforce that is unable to find employment and relying on unemployment insurance payments.
Methodology
The data is collected by the Puerto Rico Department of Labor and Human Resources through unemployment insurance claims.
Historical Context
Policymakers and economists use this rate to assess the strength of Puerto Rico's economy and guide policy decisions.
Key Facts
- Puerto Rico's insured unemployment rate averaged 8.2% in 2021.
- The rate peaked at 14.3% in May 2020 due to the COVID-19 pandemic.
- Insured unemployment is typically lower than the total unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Insured Unemployment Rate in Puerto Rico measures the percentage of the insured labor force that is currently unemployed and receiving unemployment insurance benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of Puerto Rico's labor market and overall economic conditions, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Puerto Rico Department of Labor and Human Resources through unemployment insurance claims.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Insured Unemployment Rate in Puerto Rico to assess the island's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely insights into Puerto Rico's labor market trends.
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Citation
U.S. Federal Reserve, Insured Unemployment Rate in Puerto Rico (PRIINSUREDUR), retrieved from FRED.