Hispanic Unemployment Rate Hits Record Low in December
The national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force hit its lowest level on record in December of 2018, U.S. Bureau of Labor Statistics (BLS) data released Friday show.
In December, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.4%, down from 4.5% in November – tying its record low of 4.4% set in October of this year. BLS began tracking Hispanic-Latino employment data in 1973.
The number of Hispanics employed set a new record high of 27,701,000 in December, even as their unemployment fell to a record low. The number of Hispanics employed, participating in the workplace, and civilian population all rose in December, as Hispanics’ labor force participation rate increased from 66.8% to 67.0%, recording its fourth straight monthly increase.
Hispanic-Latino employment statistics for November 2018:
· Unemployment rate: 4.4%, down from 4.5% in November
· Civilian Noninstitutionalized Population (16+ years old): 43,234,000 up from 43,146,000 in November
· Number Participating in Labor Force: 29,963,000, up from 28,820,000 in November
· Labor Force Participation: 67.0%, up from 66.8% in November
· Number Employed: 27,701,000, up from 27,524,000 in November
· Number Unemployed: 1,261,000, down from 1,296,000 in November