Economy

Unemployment dropped among Latino workers but rose for Black workers

0


Steve Debenport | E+ | Getty Images

The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report.

The overall unemployment rate last month was 3.7%, a gain of 0.3 percentage points from the prior month. However, Hispanic or Latina women saw their unemployment rate fall to 3.4% last month, down 0.7 percentage points from 4.1% in April, the U.S. Department of Labor reported Friday. The unemployment rate for Hispanic men ticked lower to 4% from 4.1% in April. Overall, the unemployment rate among Latinos decreased to 4% in May from 4.4% in the prior month.

“This is a historic low,” said Carmen Sanchez Cumming, a research associate…



Source cnbc.com

0 0 votes
Article Rating

How mortgage points may help home buyers lower monthly costs

Previous article

The IPO market may put pressure on the Fed, Cramer says

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy