July 23, 2017

Latino unemployment at lowest level since 1970s

National Institute for Latino Policy - The unemployment rate for Hispanic or Latino workers fell to 4.8 percent last month, the lowest level since 1970s. Meanwhile, the rate for black Americans was 7.1 percent, the second-lowest monthly rate, according to the latest Labor Department numbers reported on in The Wall Street Journal. However, both June lows are higher than the 3.8 percent rate for whites and the 4.4 percent overall rate, the Journal reported.

The gains among the two groups have come while the labor-force participation rate for each group also rose modestly, the Journal reported, suggesting the fall in unemployment coincides with new entrants to the labor market finding jobs and not people exiting the workforce.

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