News Column

Hispanic Unemployment Eased in February

March 7, 2014

Staff Reports -- HispanicBusiness.com

job interview
Hispanic unemployment dropped slightly in February (file photo)

The Hispanic unemployment rate ticked down slightly in February as the U.S. economy added an unexpectedly high 175,000 new jobs, the Bureau of Labor Statistics reported Friday.

The overall U.S. unemployment rate remained little changed at 6.7 percent, while the seasonally adjusted Hispanic unemployment rate dipped to 8.1 percent in February, compared to 8.4 percent in January.

The rate for Hispanics was 8.7 percent in February compared to 9.1 percent in the month before, not seasonally adjusted.

The rates for major worker groups were 6.4 percent for adult men, 5.9 percent for adult women, 21.4 percent for teens, 5.8 percent for whites and 12 percent for blacks. The rate for Asians, which isn't seasonally adjusted, was 6 percent.

The number of long-term unemployed, defined as those who have been jobless for 27 weeks or more, increased by 203,000 in February to 3.8 million. They make up 37 percent of the unemployed.

Jobs by sector

The U.S. economy added an average of 189,000 jobs per month during the past 12 months, according to the BLS, with increases concentrated in professional and business services, wholesale trade, and food services and drinking places.

The construction sector, which is dominated by Hispanics, saw little growth in the month, adding just 15,000 jobs.

The health care and trade employment sectors saw little change, with trade dropping by 4,000 jobs in February. The film industry also saw job losses, but the sector is a volatile one that changes rapidly from month to month.

For the BLS employment data, click HERE.

For the BLS report on Hispanic unemployment, click HERE.



Source: HispanicBusiness.com (c) 2014. All rights reserved.


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