The Workforce Development Administration and the Office of Youth Affairs announced Wednesday a joint initiative that will provide $25 million to create and retain jobs for employees between 18 and 29 years old.
Five companies doing business on the island — and a newcomer that will open soon — have confirmed plans to expand their operations in Puerto Rico, creating 545 jobs through combined investments of more than $51.3 million, Gov. Alejandro García-Padilla said Monday.
Constant changes in the labor market make it necessary to develop a career plan, have initiative, and be in continuous training to be competitive in the face of new daily challenges.
The U.S. Department of Labor has filed suit in federal court against Beneficiado de Café Las Indieras, doing business as Hacienda Remanso de Paz, and its president, Wilfredo Ruiz-Vargas, for alleged violations of the Fair Labor Standards Act’s minimum wage and record-keeping provisions.
The Puerto Rico Society for Human Resources Management will be hosting its annual convention Sept. 18-21, focusing on labor laws and the new competency model for HR professionals.
The U.S. Department of Labor awarded Monday approximately $64.3 million to 38 states, Puerto Rico, the U.S. Virgin Islands and the District of Columbia to implement or continue re-employment and eligibility assessments for individuals who receive unemployment benefits.
Puerto Rico’s unemployment rate dropped to 13.7 percent in April, reaching the lowest level since 2008. However, Labor Department data released Thursday also shows that the island’s labor force decreased by 10,000 to 1.1 million last month, when compared to the prior month and by 31,000 year-over-year.
Puerto Rico’s unemployment rate showed a slight drop in February, settling at 14.5 percent, or 0.1 percentage points below the 14.6 percent the Labor Department reported for January.
The Puerto Rico Labor Department is the island’s largest employment agency, but generally speaking, that is not something it is known for. For that reason, Labor Secretary-designate Vance Thomas will be placing special emphasis on the service, which last year had a listing of nearly 25,000 jobs available to fill.
Puerto Rico’s seasonally adjusted unemployment rate in January was 14.6 percent, representing a drop of 0.7 percentage points when compared to the same month last year, when it stood at 15.3 percent, Labor Secretary-designate Vance Thomas said Monday.
Puerto Rico needs to catch up on the use of information technology in human resource management, a prerequisite for companies seeking to compete in the global economy, Jorge Mejía, founding partner of local firm Fusionworks Inc., believes.
As the economy tightens its grip on the bottom lines of many businesses, a trend has emerged to outsource human resources functions to third-party companies in an attempt to cut costs and protect operations.
Puerto Rico's coffee industry and its wage practices are under scrutiny by the U.S. Department of Labor: starting this month, the agency will target this sector to verify that employers are in compliance with the federal minimum wage.
The U.S. Department of Labor announced the availability of $35 million in funds to develop, enhance and promote Self-Employment Assistance programs in all 50 states, including Puerto Rico, which will receive $504,523.
Given the existing need to raise awareness about developing a sustainable economy and to encourage the creation of “green” jobs on the island, Labor Secretary Miguel Romero outlined Tuesday the island’s so-called green sector job profile to identify industries and work opportunities in that area.
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