Unemployment Rate for Hispanics Falls to 5.8 Percent

“The New Year brought a slight drop in the unemployment rate for Hispanics, falling to 5.8 percent in January from 6.0 percent in December, according to data released today by the U.S. Department of Labor. The overall U.S. unemployment rate also dropped by 0.2 percentage points, falling to 4.7 percent in January from 4.9 in December.

The Hispanic population in the U.S. that affects the labor market (those over age 16 that are non-institutionalized civilians) decreased by 23,000 in January. However, 259,000 Hispanics previously not considered in the labor force returned to seeking employment. Therefore, the net effect on the Hispanic labor force was an increase of 236,000 people. …”

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