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Saturday, March 11, 2006

Hispanic Employment

From HispanicBusiness.com:

February brought a slight drop in the Hispanic unemployment rate to 5.5 percent from 5.8 percent in January, according to data released today by the U.S. Department of Labor. Meanwhile, the overall U.S. unemployment rate increased by 0.1 percentage points to 4.8 percent from 4.7 percent in January.

The labor market in February provided 12,000 new jobs for Hispanics. At the same time, 43,000 Hispanics that were previously seeking work left the labor market. This may be due to lack of success in finding work to the point of giving up the search.

Together, these two effects reduced the number of unemployed Hispanics by 55,000, causing the decrease in the unemployment rate.

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