The employment picture for Hispanics and Latinos improved for the fourth consecutive month in August as the nation’s businesses continued reopening from the coronavirus-prompted shutdown. The 10.5% national, seasonally-adjusted unemployment rate for Hispanics and Latinos in August fell by 2.4 percentage points from July’s 12.9% level and 8.4 points from the record-high of 18.9% set in April, but remained well above March’s 6.0% mark.
In August, more than one million more Hispanics had jobs and 635,000 fewer were unemployed, compared to the previous month, the U.S. Bureau of Labor Statistics (BLS) reported Friday. BLS began tracking Hispanic-Latino employment data in 1973.
In August, 365,000 more Hispanics participated in the workforce.
Hispanic-Latino employment statistics for August 2020:
- Unemployment rate: 10.5% DOWN from 12.9% in July
- Civilian Noninstitutionalized Population (16+ years old): 44,300,000, UP from 44,212,000 in July
- Number Participating in Labor Force: 28,925,000, UP from 28,560,000 in July
- Labor Force Participation Rate: 65.3%, UP from 64.6% in July
- Number Employed: 25,886,000, UP from 24,885,000 in July
- Number Unemployed: 3,040,000, DOWN from 3,675,000 in July