Puerto Rico’s labor market is at a crossroad, with thousands of productive workers fleeing to the U.S. mainland in search of professional opportunities that may not be available locally.
Sporting goods retailers Sports Authority announced Monday it has begun recruiting staff for the new store it will open in Ponce Oct. 19. It will be the first location for the retailer in Puerto Rico.
Preliminary analysis conducted by economic analysis firm Heidie Calero Consulting Group suggests the impact of new taxes implemented in Puerto Rico this month could lead to a reduction of 3.3 percent real growth during the next two fiscal years with a loss of up to 30,000 jobs.