Word: fomento
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Dates: during 1960-1969
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...last year, Fomento, Puerto Rico's economic-development agency, helped create 10,000 new jobs. Yet even that was not enough. The labor force grew even faster, pushing unemployment to 11.6%, nearly three times the mainland rate. Development projects, mostly in light industry, have not generated enough jobs for men, and though there has been some improvement, 60% of the Fomento-produced jobs still go to women. The average wage in manufacturing is only $1.26 an hour-half that of the mainland...