News Column

Hispanic Jobless Rate Climbs Slightly

March 9, 2012

Richard Larsen, Deputy Managing Editor

Job listings on the computer

The Hispanic unemployment rate rose slightly in February to 10.7 percent from the January rate of 10.5 percent. Overall, the nation's unemployment rate in February remained unchanged at 8.3 percent.

Over all, the Hispanic unemployment rate is still 2.5 percentage points lower than its peak of 13.2 percent in November 2010.

Nonfarm payroll employment rose by 227,000 in February, with the private-sector's employment growth of 233,000 being offset by government shedding 6,000 more jobs. Revised figures show that 20,000 more jobs were added in December, bringing that month's total to 223,000, and 41,000 more jobs were added in January, bring that month's total to 284,000.

During the first two months of this year, a total of 511,000 jobs have been added, a monthly average of 255,500, almost 100,000 more than the average of 156,363 jobs created per month in 2011.

All but one of five key private sectors – construction, health care, leisure/hospitality, manufacturing and transportation/warehousing – gained jobs. Construction lost 13,000 jobs in February, after adding 21,000 in January. In all, employment in these private sectors grew by 133,700 jobs, accounting for 57.3 percent of the February private-sector job gains.

Health care added the most jobs, 61,000, followed by leisure/hospitality with 44,000, manufacturing with 31,000 and transportation/warehousing with 10,600.



Source: HispanicBusiness.com (c) 2012. All rights reserved.


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