US Latino Unemployment Rate: 13 Million Latinos ‘Not in the Labor Force’ But May 2015 Hispanic Unemployment Declines
The U.S. Latino unemployment declined by one percentage point in comparison to May 2014, and economists have remained optimistic about the latest jobs report.
Overall, the U.S. unemployment rate increased from 5.4 percent in April to 5.5 percent for May. According to The New York Times, the latest data released by the Bureau of Labor Statistics (BLS) helped ease the debate about the first quarter’s financial results. During May, 280,000 jobs were created, which was a stronger number than expected, and it may further the Federal Reserve to start raising interest rates.
The Latino unemployment rate, however, declined from April’s 6.9 percent to 6.7 percent in May. As the National Council of La Raza (NCLR) noted, Latino employment gains in leisure and hospitality likely attributed to the unemployment rate decline as 57,000 jobs were added in this sector. The leisure and hospitality employment gains come as the summer vacation season approaches…
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