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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