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The DLHR is responsible for setting and implementing public policy in the areas of labor relations, occupational safety, unemployment insurance benefits, re-employment services, and human resources training in the U.S. Commonwealth of Puerto Rico. The Department is also responsible for some economic statistics. [1]
The tight labor market that became one of the biggest economic stories of the COVID-19 pandemic appears to be loosening up considerably. More Layoffs? Management Positions Could Be Next on Chopping...
The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, which primarily includes pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate ...
Operation Bootstrap (Spanish: Operación Manos a la Obra) is the name given to a series of projects which transformed the economy of Puerto Rico into an industrial and developed one (although it is seen as a partial failure in the eyes of many puertoricans).
Taxation in Puerto Rico consists of taxes paid to the United States federal government and taxes paid to the Government of the Commonwealth of Puerto Rico.Payment of taxes to the federal government, both personal and corporate, is done through the federal Internal Revenue Service (IRS), while payment of taxes to the Commonwealth government is done through the Puerto Rico Department of Treasury ...
[24] [25] "Without action before April, Puerto Rico’s ability to execute contracts for Fiscal Year 2018 with its managed care organizations will be threatened, thereby putting at risk beginning July 1, 2017 the health care of up to 900,000 poor U.S. citizens living in Puerto Rico", according to a letter sent to Congress by the Secretary of ...