Hispanic Unemployment Rate Hits Record Low for Second Straight Month

Craig Bannister | August 3, 2018 | 9:21am EDT
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Seasonally-adjusted Hispanic-Latino unemployment rate (Source: U.S. Bureau of Labor Statistics)

The national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force fell to the lowest level on record in July of 2018, U.S. Bureau of Labor Statistics (BLS) data released Friday show.

In July, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.5%, down from its then-record low June level of 4.6%. The BLS began tracking Hispanic-Latino employment data in 1973.

The Hispanic-Latino unemployment rate edged down as the number of Hispanics and Latinos employed reached new heights (27,223,000, up from 27,077,000 in June), as their unemployed ranks fell from 1,292,000 to 1,273.000.

The labor force participation rate, at 66.6% in July, inched up from 66.5% in June.

In July, the nation’s Hispanic-Latino civilian noninstitutionalized population, consisting of those age 16 or older who were not in the military or an institution, increased from 42,679,000 to 42,767,000. Of those, 28,495,000 (up from 28,369,000) participated in the labor force by either holding a job or actively seeking one.

The Hispanic-Latino population not in the labor force fell from 14,310,000 in June to 14,272,000 in July.

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