Puerto Rico's Labor Market Remains Structurally Unsound.

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Because labor costs are the largest short-term cost for most businesses, labor market indicators remain the most important coincidental economic indicator used by economists to determine the current condition of an economy.  The following table show total establishment jobs for Puerto Rico:

There are two key points in this data.  First, after the Global Financial Crisis (GFC) the Puerto Rico jobs market has done nothing by lose jobs; the island has lost about 200,000 jobs since the GFC.  Just as importantly, the economy has not recovered from Hurricane Maria; in fact, it appears PR has only created about 1/3 of the jobs lost as a result of the hurricane.

The above data indicates there is a structural problem with Puerto Rico's economy; it simply isn't creating any jobs despite the near decade-long rebound in global growth.  Put another way, Puerto Rico's economy is unsound.