HISPANIC-LATINO UNEMPLOYMENT RATE HITS LOWEST LEVEL ON RECORD IN JUNE
Four of five months with 4.8% unemployment rate were during Trump administration
The national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force fell to the lowest level on record in June of 2018, U.S. Bureau of Labor Statistics (BLS) data released Friday show.
In June, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.6%, down from its May level of 4.9%. Before June’s record, the lowest monthly Hispanic-Latino unemployment rate since BLS began tracking the statistic in 1973 was 4.8%.
While the Hispanic-Latino unemployment rate had been as low as 4.8% in five months, four of those months were during the administration of President Donald Trump; the lone exception being October of 2006:
June 2018: 4.6%
October 2006: 4.8%
June 2017: 4.8%
October 2017: 8%
November 2017: 4.8%
April 2018: 4.8%
October 2006: 4.8%
June 2017: 4.8%
October 2017: 8%
November 2017: 4.8%
April 2018: 4.8%
US ADDS 213,000 JOBS IN JUNE, BETTER THAN EXPECTED
Employment numbers continue to power forward
The employment part of the economy continued to power forward in June, adding another 213,000 jobs though the unemployment rate rose to 4 percent, according to a government report Friday.
Economists surveyed by Reuters had expected a nonfarm payrolls gain of 195,000 and the jobless rate to hold steady at 3.8 percent, which had been tied for the lowest since 1969.
Another solid month of job gains provided little help to wages. In addition to the payroll gains, average hourly earnings rose 2.7 percent year over year, a bit below expectations of a 2.8 percent increase.
