Latino Unemployment Remains at 10%

Latino Unemployment Remains at 10%

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Despite the dip in unemployment for November, Latino workers continue to struggle in the current economy. In November, the economy added 146,000 jobs and the overall unemployment rate dropped two-tenths of a percent to 7.7%, which is the lowest unemployment rate in four years. Latinos currently have an unemployment rate of 10%, which is unchanged from October.

The construction industry lost 20,000 jobs last month, while manufacturers cut 7,000 jobs. These are industries where Latino workers tend to be concentrated. The industries that added jobs in November include retail employment with 52,600 new jobs, business services with 43,000 new jobs, and temporary employment with 18,000 jobs.

For young Latino adults between the age of 18-29, the non-seasonally adjusted unemployment rate is 12.9%.

While Latino unemployment remains high, it is still down from where it was two years ago in November 2010 when it peaked at 13.1%.

 

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