The national, seasonally-adjusted unemployment rate for Hispanics and Latinos was 4.3% in January, ticking up from 4.2% as the number employed set a new record while the work force participation rate rose to its highest mark in nearly ten years, the U.S. Bureau of Labor Statistics (BLS) reported Friday.
For Hispanics and Latinos in the U.S., both the number employed and the number unemployed rose from December’s level, as did the number participating in the labor force.
In January, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.3%, up from 4.2% in December, and higher than its record low of 3.9% set in September of 2019. BLS began tracking Hispanic-Latino employment data in 1973.
The 28,397,000 Hispanics employed in January is up 111,000 from 28,286,000 - breaking the record 28,339,000 who had jobs in November. The number of unemployed Hispanics rose to 1,275,000, up from 1,231,000 in December.
29,672,000 Hispanics participated in the workplace in January, up from 29,517,000 the previous month. Hispanics' labor force participation rate was 67.8% last month, up from 67.1% in December of 2019. This is the highest participation since the 68.1% rate recorded in March of 2010.
Hispanic-Latino employment statistics for January 2020:
- Unemployment rate: 4.3%, up from 4.2% in December.
- Civilian Noninstitutionalized Population (16+ years old): 43,742,000, down from 43,986,000 in December.
- Number Participating in Labor Force: 29,672,000, up from 29,517,000 in December.
- Labor Force Participation Rate: 67.8%, up from 67.1% in December.
- Number Employed: 28,397,000, up from 28,286,000 in December.
- Number Unemployed: 1,275,000, up from 1,231,000 in December.