Unemployment among Hispanic Americans ticked up a tenth of a point, to 9.1 percent in the latest jobs report from the U.S. Department of Labor. The overall unemployment rate rose the same amount, to 7.6 percent.

While the unemployment rate for Latinos is higher than for the general public, it is down several points from a year ago. Last May it stood at 11 percent, but since then, three-quarters of Hispanics looking for work have found it. In May, more than 336,000 Latinos found jobs, but that still leaves 2.3 million Latinos unemployed.

In all, last month saw a net job growth of 175,000 across the entire country. The Dow Jones Industrial Average closed 200 points up today on the good news, though the increase is slightly less than analysts expected.

The change isn't likely drastic enough for the Fed to change course, but more job seekers are entering the market. While that is good news for the economy as a whole, in the short term it will increase competition for the jobs that do exist. That in turn, however, will boost job production in the future, but that may be small consolation for job seekers who have been out of work for many months, and sometimes even years.

"It's progress that's too slow, but it's progress nonetheless," Guy Berger, an economist at RBS, also in Stamford, said.

"Today's report has to be encouraging for growth in the second half of the year," said Dan Greenhaus, an analyst at BTIG LLC..