The unemployment rate for Hispanics and Latinos improved for the seventh consecutive month in November as the nation’s businesses continued reopening from the coronavirus-prompted shutdown.
The 8.4% national, seasonally-adjusted unemployment rate for Hispanics and Latinos in November fell by 0.4 percentage points from October’s 8.8% level and 10.5 points from the record-high of 18.9% set in April, continuing to approach March’s 6.0% pre-shutdown mark.
November’s unemployment rate declined as the ranks of the unemployed fell by 116,000 and 83,000 more found jobs, the U.S. Bureau of Labor Statistics (BLS) reported Friday. BLS began tracking Hispanic-Latino employment data in 1973.
Hispanic-Latino employment statistics for November 2020:
- Unemployment rate: 8.4%, down from 8.8% in October.
- Civilian Noninstitutionalized Population (16+ years old): 44,559,000, up from 44,475,000 in October.
- Number Participating in Labor Force: 29,153,000, down from 29,186,000 in October.
- Labor Force Participation Rate: 65.4%, down from 65.6% in October.
- Number Employed: 26,702,000, up from 26,619,000 UP in October.
- Number Unemployed: 2,451,000, down from 2,567,000 in October.