AGP Executive Report
Last update: 5 hours agoPuerto Rico Economy: Puerto Rico’s seasonally adjusted unemployment rate rose to 6.1% in August (from 6.0% in July), with about 76,000 people unemployed and nonfarm payroll employment reaching 958,800 jobs, up 8,700 year over year. Water & Governance: A new report highlights how drought plus aging infrastructure are driving water rationing and service disruptions, exposing a long-running accountability and transparency gap between residents and the institutions managing PRASA. Finance & Business: MassMutual Puerto Rico inaugurated new offices in a revamped 11,002-square-foot space aimed at strengthening its financial planning practice and expanding its team of “Balanced Advisors.” Travel & Trade: American Airlines is expanding international service with more flights to San Juan and other Caribbean destinations, signaling continued demand for routes tied to Puerto Rico and the region. Policy Watch: The U.S. announced that Puerto Rico is included in the Medicaid “most-favored-nation” drug pricing model, a move framed as lowering prescription costs and freeing up state and territory budgets. Labor Market Context: A separate affordability survey of mayors across Puerto Rico and the U.S. points to housing costs as the top driver of the cost-of-living squeeze.
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