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Wed Feb 24, 2021, 06:46 AM

Myths and Realities of Manufacturing in Puerto Rico

Manufacturing jobs in Puerto Rico have been on the decline since the beginning of the 21st century. The chart below, from Federal Reserve Economic Data, shows the slide from 1994 to 2018.

The nadir was in 2017, after Hurricane Maria’s devastation of the Island. You can see a bit of an uptick as 2019 begins.

A newer chart from the U.S. Bureau of Labor Statistics shows that this small improvement is still taking place.

Zoom in on 2018 to 2020 and we can see that, apart from a dip last spring, when pandemic restrictions were at their most extreme, the gains since 1980 are enough to encourage optimism.

Read more: https://www.puertoricoreport.com/myths-and-realities-of-manufacturing-in-puerto-rico/#.YDYptavPzIU

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