The U.S. and Latino unemployment rate slipped based on May's jobs data. The U.S. Bureau of Labor Statistics (BLS), an agency within the U.S. Department of Labor, announced the overall unemployment rate decreased to 5.3 percent as 223,000 jobs were added.
The U.S. Latino unemployment declined by 1-percentage point in comparison to May 2014, and economists have remained optimistic about the latest jobs report.
U.S. Department of Labor Secretary Thomas Perez praised the Senate’s confirmation vote of Loretta Lynch and addressed the country’s labor issues ranging from wages, Obamacare and unions.
While the overall U.S. unemployment went unchanged in March, last month did see an unemployment rate increase for the U.S. Latino community, according to the latest federal statistics.
The U.S. Latino unemployment rate has reportedly decreased to its pre-Great Recession levels and has improved at a faster rate compared to other minority populations.
President Barack Obama covered several topics during the latest State of the Union address on Jan. 20, ranging from the free community college program, immigration and notably the economy. Latin Post spoke with Latino millennials about the State of the Union on the aforementioned topics.
While the overall U.S. unemployment rate was unchanged for November at 5.8 percent, the Latino unemployment rate, however, did drop across the nation during the same period.
The U.S. Latino unemployment rate has declined based on the Bureau of Labor Statistics' August report, but the number of people employed and not in the labor force depict a different picture.
