The unemployment rate for Hispanic and Latino-Americans hit the lowest level in recorded history this December; dropping to just 4.4% as the US economy added over 300,000 private payroll jobs towards the end of 2018.
“The national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force hit its lowest level on record in December of 2018, U.S. Bureau of Labor Statistics (BLS) data released Friday show,” writes CNS News.
“In December, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.4%, down from 4.5% in November – tying its record low of 4.4% set in October of this year,” adds the article.
The Bureau of Labor Statistics began tracking the Hispanic unemployment rate in 1973.
Read the full report here.
ECONOMY SOARS: African American, Hispanic Unemployment LOWEST IN HISTORY
The unemployment rate for African American and Hispanic workers plunged to the lowest levels ever recorded Friday as the US economy roars to life under President Trump and the Republican-controlled Congress.
The newest figures released by the US government show the unemployment rate for African American workers dropping to 6.6% and the unemployment rate for Hispanic workers plunging to 4.8%.
“There’s a heck of a lot of good news in this report,” said Kevin Hassett, chairman of the White House Council of Economic Advisers.
“The African-American unemployment rate dropped to 6.6 percent. That’s the lowest rate on record, and significant because black workers’ unemployment is typically double that of whites,” adds CBS News.
The strong economic data comes after similar reports show GDP and jobless claims smashing expectations as more and more Americans head back to work in the second quarter of 2018.
Just this week, similar reports showed unemployment claims dropping to the lowest levels seen since 1973.
AMERICA UNLEASHED: Hispanic Unemployment Rate LOWEST IN US HISTORY
The unemployment rate for Hispanic-Americans plunged to a record-setting low in July; plummeting to just 4.5% last month and smashing estimates as the US economy continues to soar under President Trump.
“The unemployment rate for Hispanic or Latino workers fell to 4.5 percent in the month, lower than the previous record of 4.6 percent that was set just the month before,” writes the Washington Examiner. “President Trump touted the unemployment numbers Wednesday in a meeting with inner-city pastors at the White House.”
“So important, because we have companies, once again, coming back into our country, and they want to employ people,” said the President. “So we’re training and working with these people, and we’re getting companies to do the same. It’s been — actually, it’s been a very beautiful thing.”
The strong economic data throws more cold-water on the media’s over-hyped “blue wave” predicted for this fall, with House Minority Leader Nancy Pelosi vowing to repeal the widely popular GOP tax cuts should Democrats retake control of Congress.
Read the full report at the Washington Examiner.