Economic Crisis to the Employment Market of Puerto Rico Free Essay, Term Paper and Book Report
The Puerto Rican economy lowered in 2007 in comparison with the previous year and not yet signals that are seen it is going to improve soon, indicated a study contracted by a banking group.
The employment was reduced in 1,5%, the rate of unemployment increased to an average of 11%, the personal bankruptcies increased in 45% and the commercial ones in 37%, revealed the analysis financed by group BBVA.
The situation worsens by the fact that the government in the American territory, tied by the debts emitted by previous administrations, still recovers of a fiscal crisis.
Economic crisis is the most depressive phase of the evolution of a recesivo economic process. By recession the descendent cyclical movement is understood of the economy, that includes/understands, at least, two trimesters of continuous diminution of the real PNB. Although in the United States the subject of the magnitude of the financial crisis was begun to discuss widely in mass media does relatively just a short time, in Puerto Rico the subject is present does a little more than two years. The date of May ......
Word Count: 537
Page Count: 2.1 (250 words a page / double spaced)
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