Employers in the United States added 227,000 jobs last month. These figures are the latest numbers the Depart of Labor issued in their monthly employment report. The unemployment rate ticked up slightly from 4.7% in December to 4.8% in January. Latino unemployment kept steady at 5.9%.
Our latest Latino Jobs Report, shows that participation in the labor force, however, did increase for all workers. Translation: people who were previously not in the labor force are now returning to it. The rate of Latino worker labor force participation stands at 66.1%, the highest of all other racial and ethnic groups
By Amelia Collins, Policy Analyst, NCLR
Photo: Roman Boed
Starting this week, the 115th Congress began work dismantling public protections for American workers, consumers, and families. NCLR has a history of being active in the regulatory process with significant success. This includes a final overtime rule that will benefit two million Latino workers, and a rule ensuring that retirement advisors make decisions in their client’s best interest. These rules will help millions of Latinos and other workers get more for their hard work.
So why would Congress want to eliminate these and other crucial protections? Well, some say that regulations cost the economy jobs and stymie growth. However, recent economic trends suggest otherwise:
- The economy is on a record of 75 consecutive months of job growth.
- Unemployment is down to 4.7% from a pre-recession peak of 10%, and wages are rising.
- Median household income increased in 2015 and poverty rates fell, with the Latino poverty rate being the lowest since 2006.
The national unemployment rate fell from 4.9% in October to 4.6% in November, the lowest it has been since 2007. says the Department of Labor in it’s monthly jobs report. Last month, 178,000 jobs were added, which is likely due to modest job growth and more than 400,000 people leaving the work force.
Today, the U.S. Department of Labor reported that U.S. employers added 161,000 jobs in October 2016. While this is lower than the 175,000 new jobs economists had predicted, it is enough to absorb new workers coming into the labor force.
The national unemployment rate fell from 5% in September to 4.9% in October. For Latinos, the unemployment rate decreased to 5.7%.
Read more in our latest Latino Jobs Report.
The U.S. Department of Labor reported today that U.S. employers added 156,000 jobs in September 2016, down from 167,000 in the prior month. The national unemployment rate remained essentially unchanged at 5 percent. The Latino unemployment rate increased from 5.6 percent in August to 6.4 percent in September.