The unemployment rate for Hispanics and Latinos improved in March as the nation’s businesses continued reopening from the coronavirus-prompted shutdown, putting more than a quarter-million more Hispanics back to work.
The 7.9% national, seasonally-adjusted unemployment rate for Hispanics and Latinos in March fell by 0.6 percentage points from February’s 8.5% level and 11.0 points from the record-high of 18.9% set in April 2020, continuing to approach last March’s 6.0% pre-shutdown mark.
March’s unemployment rate declined as the ranks of Hispanics unemployed fell by 175,000 and 274,000 more found jobs, the U.S. Bureau of Labor Statistics (BLS) reported Friday. Both numbers are an improvement from February, when employment increased by a robust 264,000 and the number unemployed fell by 9,000.
March’s unemployment rate declined even as the number of Hispanics participating in the labor force rose by 99,000 and their labor force participation rate increased, compared to the previous month, when 254,000 more entered the workforce. BLS began tracking Hispanic-Latino employment data in 1973.
Hispanic-Latino employment statistics for March 2021:
- Unemployment rate: 7.9%, down 0.6 points from 8.5% in February
- Civilian Noninstitutionalized Population (16+ years old): 44,651,000, up 64,000 from 44,587,000 in February
- Number Participating in Labor Force: 29,273,000, up 99,000 from 29,174,000 in February
- Labor Force Participation Rate: 65.6%, up 0.2 points from 65.4% in February
- Number Employed: 26,975,000, up 274,000 from 26,701,000 in February
- Number Unemployed: 2,298,000, down 175,000 from 2,473,000 in February