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.
Today’s jobs report from the Department of Labor confirmed anxiety over the state of Latino employment in the United States. Following a trend of declining job gains that began near the end of 2015, April added 160,000 jobs, following the addition of 245,000 and 215,000 jobs in February and March, respectively.
According to the United States Department of Labor, the American economy added 215,000 jobs in March. February saw the addition of 245,000 jobs, which led to some discouragement. The national unemployment rate rose slightly to 5 percent, following a four-month decline, while Latino unemployment rose to 5.6 percent.
Among all sectors of the economy, the retail sector saw the greatest growth in March, adding 48,000 jobs. Latinos make up a greater share of retail employees compared to their representation in the total workforce.
According to the latest employment report from the Department of Labor, February saw steady improvement in the job market. The overall unemployment rate remained at January’s low of 4.9 percent, adding 242,000 jobs, almost doubling January’s addition of 151,000.
The unemployment rate for Latinos fell to 5.4 percent, continuing a consistent four-month decline in Latino unemployment. As of February, 25.2 million Latinos over the age of 16 are employed, while 1.4 million are unemployed. These numbers are encouraging, as they illustrate marked, quantifiable improvement in the employment landscape for Latinos. As the American economy continues its climb through recovery, it is reassuring to see these gains in the Latino community, despite the underrepresentation of Latinos in the workforce.
Of all economic sectors, the health care industry led in job growth for February, adding 57,000 new jobs. This gain is significant as health care has been projected to provide the most sustained job growth between 2014 and 2024.
Read the whole report below: (click report to download)