News Column

Hispanic Employment Improves in November

December 6, 2013

Staff Reports -- HispanicBusiness.com

hispanic employment
The unemployment rate for U.S. Hispanics dipped slightly in November (file photo)

The unemployment rate for U.S. Hispanics dipped in November to 8.6 percent, down from 8.8 percent in October, according to data released Friday by the Bureau of Labor Statistics. The seasonally adjusted rate for November was 8.7 percent.

The U.S. unemployment rate declined from 7.3 percent to 7 percent in November, and total nonfarm employment increased by 203,000, the BLS reported.

The unemployment rate was 6.2 percent for non-Hispanic whites, 12.5 percent for blacks, and 5.3 percent for Asians. Rates for Asians aren't seasonally adjusted.

The rate for Hispanic males remained about the same year over year, from 7.8 percent to 7.7 percent. The rate for Latinas declined from 10.3 percent to 8.2 percent, while the rate for Hispanic youth improved markedly from 30.1 percent to 23.9 percent.

Jobs by sector

Nonfarm employment rose by 203,000 in November, with jobs growth averaging 195,000 a month during the past 12 months, according to the BLS.

November gains were seen in transportation and warehousing, health care, manufacturing, retail, leisure and hospitality, and construction.

Construction, a sector dominated by Hispanics, added 17,000 jobs in the month.

Other sectors showed little or no change.


For more stories covering business, please see HispanicBusiness' Business Channel



Source: HispanicBusiness.com (c) 2013. All rights reserved.