Hispanic Unemployment Rate Ties All-Time Low
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The number of Hispanics and Latinos employed set a record high in August as their national, seasonally-adjusted unemployment rate matched its record low of 4.2%, U.S. Bureau of Labor Statistics (BLS) data released Friday show.
In August, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.2%, down from 4.5% in July, returning to the record low of 4.2% in April and May – which broke the record low of 4.3% set two months earlier in February. BLS began tracking Hispanic-Latino employment data in 1973.
285,000 more Hispanics had jobs in August, as the 27,866,000 employed broke the record for Hispanic employment of 27,701,000 set in December 2018. The number of Hispanics participating in the workplace rose in August, as did Hispanics’ labor force participation rate, which increased from 66.4% to 66.7%.
The number of unemployed Hispanics fell by 98,000 to 1,216,000, down from 1,314,000 in July…”
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