Emp. Establishments
50,332
+1.98% YoY
Taking a pulse on P.R.
BOC
2023
Employment
740,830
+3.42% YoY
Annual Payroll
$24.19B
+8.77% YoY
GDP
$122.89B
+8.26% YoY
Unemployment Rate
6.2%
+0.50 pp YoY
Labor Participation
47.2%
−0.30 pp YoY
Population
3,184,835
−0.55% YoY
Median Age
47.3
+1.9 years YoY
Population Age 65+
830,269
+5.16% YoY
Median Household Income
$29,272
+7.57% YoY
Poverty Rate
35.3%
−2.00 pp YoY
Bachelor’s or Higher
30.9%
+1.20 pp YoY
Housing Vacancy
23.1%
−0.10 pp YoY
Median Home Value
$152,800
+7.53% YoY
Renter Cost Burden
45.7%
−0.83 pp YoY
Health Insurance
94.1%
−0.30 pp YoY
Disability Rate
25.5%
+2.10 pp YoY
Retail Sales
$34.36B
+34.99% 2017–22
Broadband Adoption
88.2%
+1.90 pp YoY
BDS Establishments
46,086
+2.56% YoY
BDS Firms
38,889
+3.16% YoY
BDS Employment
738,766
+3.33% YoY
Establishment Openings
4,520
−24.06% YoY
Establishment Opening Rate
9.933%
−3.73 pp YoY
Establishment Closings
3,358
+3.83% YoY
Establishment Closing Rate
7.379%
−0.04 pp YoY
Job Creation
92,649
−25.23% YoY
Job Creation Rate
12.711%
−5.29 pp YoY
Job Destruction
72,666
+2.44% YoY
Job Destruction Rate
9.969%
−0.34 pp YoY
Net Job Creation
19,983
−62.28% YoY
Net Job Growth Rate
2.742%
−4.96 pp YoY
Jobs from Openings
28,496
−26.38% YoY
Jobs Lost to Closings
19,717
−13.54% YoY
Firm Startups
3,316
−10.93% YoY
Firm Shutdowns
2,609
+33.25% YoY
Rising Business Costs
54.5%
10/19/2026 - 11/1/2026
+1.0 pp vs. prior period
Declining Revenue
29.2%
10/19/2026 - 11/1/2026
−0.6 pp vs. prior period
Raising Prices
23.3%
10/19/2026 - 11/1/2026
−3.8 pp vs. prior period
Weaker Demand
25.7%
10/19/2026 - 11/1/2026
+4.9 pp vs. prior period
Demand Outlook
19.4%
10/19/2026 - 11/1/2026
+1.4 pp vs. prior period
Excellent Performance
25.0%
10/19/2026 - 11/1/2026
−6.9 pp vs. prior period
Super Intelligence Use
13.9%
−1.8 pp vs. prior period
Employment Rate
43.1%
BOC2025
Total Housing Units
1,629,422
+0.77% YoY
Goods Exports
$21.79B
−12.08% YoY
Goods Imports
$20.77B
−18.64% YoY
Government R&D
$44.07M
−8.31% YoY
Internal Gov. R&D
$25.46M
−25.48% YoY
External R&D Funding
$18.61M
+33.92% YoY
Federal R&D Funding
$17.22M
−32.15% YoY
Gov. R&D Personnel
218
−5.63% YoY
Gov. R&D FTEs
196.0
−3.16% YoY
Business R&D
$321.00M
+36.60% YoY
Company-Paid R&D
$302.00M
+40.47% YoY
Other-Funded R&D
$20.00M
+5.26% YoY