Puerto Rico is poised for significant economic growth as the government highlights a historic low unemployment rate of 5.4%, translating to 179,000 more jobs compared to pre-pandemic levels. This positive trend comes as the administration emphasizes the need for sustainable economic development, marking a pivotal moment for the island's labor market.

During a recent meeting, officials presented a comprehensive economic overview, noting that the Gross Domestic Product (GDP) has risen from $105 billion in 2019 to $117 billion in 2024. While manufacturing remains a key sector, there is a notable shift towards services, indicating a diversification of the economy.

The administration has laid out a strategic roadmap for the next four years, focusing on three critical areas: economic diversification, entrepreneurship, and human capital development. A significant initiative, the "20 First Century TechForce" project, has been launched with a $42 million investment aimed at equipping the workforce with essential skills for the modern economy. This program, developed in collaboration with universities and the private sector, seeks to enhance educational offerings in technology from an early age.

Additionally, the "Conexión Laboral" program has expanded registered apprenticeship opportunities from 11 to 76, benefiting over 4,000 workers. This initiative is designed to support both large corporations and local businesses, ensuring that the workforce is prepared for current and future job demands.

Looking ahead, the administration has identified three strategic sectors for further investment: biosciences, aerospace, and technology. The biosciences sector, in particular, is experiencing a resurgence, with significant expansions like Cooper Vision's $700 million investment in Juana Díaz, which is expected to create 500 new jobs.

As Puerto Rico navigates this economic landscape, the focus remains on maintaining momentum and ensuring that the benefits of growth are felt across the community. The upcoming administration is urged to prioritize measures that will sustain this progress and continue to foster a competitive and diverse economy.