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Hispanic Unemployment Rate Dips in May as 662,000 More Find Jobs

By Craig Bannister | June 5, 2020 | 8:58am EDT
(Screenshot)

The 17.6% national, seasonally-adjusted unemployment rate for Hispanics and Latinos in May fell by 1.3 percentage points from the record-high of 18.9% set the month before, but remained nearly three times higher than March’s 6.0% mark.

In May, 662,000 more Hispanics had jobs and 286,000 fewer were unemployed, compared to the previous month, the U.S. Bureau of Labor Statistics (BLS) reported Friday. The BLS began tracking Hispanic-Latino employment data in 1973.

May recorded the lower unemployment rate even though an additional 377,000 Hispanics participated in the workforce.

Hispanic-Latino employment statistics for May 2020:

  • Unemployment rate: 17.6%, down from 18.9% in April
  • Civilian Noninstitutionalized Population (16+ years old): 44,053,000, up from 43,975,000 in April
  • Number Participating in Labor Force: 28,218,000, up from 27,841,000 in April
  • Labor Force Participation Rate: 64.1%, up from 63.3% in April
  • Number Employed: 23,241,000, up from 22,579,000 in April
  • Number Unemployed: 4,977,000, down from 5,263,000 in April

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