News Column

Hispanic Unemployment Dips to 8.3 Percent

January 10, 2014

Staff Reports -- HispanicBusiness.com

job interview
Hispanic unemployment showed slight gains in December (file photo)

Unemployment among Hispanics dipped to a seasonally adjusted rate of 8.3 percent in December, down from 8.7 percent in November, the Labor Department announced Friday. The overall U.S. unemployment rate was 6.7 percent.

U.S. unemployment was 7 percent in November and 7.9 percent a year ago, though much of December's decline is being chalked up to people leaving the workforce due to retirement or discouragement.

Hispanic unemployment numbers

The rate for Hispanic men came in at 7.5 percent, down from 7.7 percent in November and 8.4 percent in December 2012. The rate for Hispanic women drifted slightly downward -- 8.1 percent in December compared to 8.2 percent in the month prior -- but was down significantly from 9.4 percent a year ago.

Unemployment among Hispanic teenagers remains high at 22.3 percent, but is an improvement over the rate of 26.6 percent in December 2012.

Those numbers are not seasonally adjusted.

Unemployment by demographic

Unemployment declined in December among adult men (6.3 percent) and whites (5.9 percent), but showed little change among adult women, teenagers, blacks and Hispanics, according to the Bureau of Labor Statistics.

Nonfarm payroll employment

Nonfarm payroll employment increased only slightly, at 74,000 jobs added, falling far short of expectations.

Employment was up in retail and wholesale trade, manufacturing, mining and services, but fell in information and construction.


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