Employment rates in Puerto Rico range from 55 to 65 percent of U.S. rates during the past thirty years. This huge … employment shortfall holds for men and women, cuts across all education groups, and is deeper for persons without a college … educated workers. Motivated by these facts, we identify several factors that undermine employment growth and business …

We rely on a decomposition of employment changes into job creation and job destruction components - and a novel set of … inferences: 1) The data favor a many- shock characterization of fluctuations in employment and job reallocation, 2) Theories of … employment fluctuations that attribute a predominant role to aggregate shocks must in order to fit the data involve …

employment in many jobs and for many workers. This development lowered wage-growth pressures along the transition path to a new …