Latino unemployment stays under 7 percent for second month in a row
*While this is good news, there are some takeaways to consider: the National unemployment rate is 5.8%; the median weekly earning for Latinos is $578; over the past six months, the economy has grown at a 4.1% rate.
The Latino unemployment rate in October fell under 7 percent for the second month in a row, marking the first time that has happened since February of 2008.
The U.S. added 214,000 jobs in October, lowering the Hispanic unemployment rate to 6.8 percent from 6.9 percent and extending the healthiest pace of hiring in eight years.
Employers have now added at least 200,000 jobs for nine straight months, the longest such stretch since 1995. The burst of hiring lowered the nation’s unemployment rate to 5.8 percent from 5.9 percent. It’s lowest rate since July 2008.
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[Photo by levin.house.gov]