News Column

Hispanic Unemployment Flattens Out

February 7, 2014

Staff Reports --

construction workers
Hispanic unemployment was flat in January, despite gains in the construction sector (file photo)

The U.S. Hispanic unemployment rate flattened out in January at a seasonally adjusted rate of 8.4 percent compared to 8.3 in the month before, the Bureau of Labor Statistics reported Friday. The overall U.S. unemployment rate was 6.6 percent, statistically unchanged from December 2013.

Rates among major worker groups showed little change in January. The seasonally adjusted unemployment rate among adult men was 6.2 percent; adult women, 5.9 percent; teenagers, 20.7 percent; whites, 5.7 percent; blacks, 12.1 percent; and Asians, 4.8 percent (not seasonally adjusted).

Unemployment among Hispanic youth remains problematic, increasing to 24.6 percent over December's rate of 22.3 percent.

The January unemployment rate for Hispanics was 9.1 percent, not seasonally adjusted.

Total nonfarm payroll employment rose by 113,000 in January, averaging 194,000 for the year in 2013.

January gains were seen in construction, manufacturing, wholesale trade, mining, and professional and business services. Construction, which is heavily represented by Hispanic workers, added 48,000 jobs in January, offsetting a decline of 22,000 in December.

Federal employment dropped by 12,000, with most of the decline at the U.S. Postal Service, which shed 9,000 jobs in January.

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

Source: (c) 2014. All rights reserved.

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters