The unemployment rate for Hispanics and Latinos improved slightly in February as more than a quarter-million both entered the labor force and found jobs and the nation’s businesses continued reopening from the coronavirus-prompted shutdown.
The 8.5% national, seasonally-adjusted unemployment rate for Hispanics and Latinos in February fell by 0.1 percentage points from January’s 8.6% level and 10.4 points from the record-high of 18.9% set in April 2020, continuing to approach last March’s 6.0% pre-shutdown mark.
February’s unemployment rate declined as the ranks of Hispanics unemployed fell by 9,000 and 264,000 more found jobs, the U.S. Bureau of Labor Statistics (BLS) reported Friday. The number of Hispanics participating in the labor force rose by 254,000 and their labor force participation rate increased in February, compared to the previous month. BLS began tracking Hispanic-Latino employment data in 1973.
Hispanic-Latino employment statistics for February 2021:
- Unemployment rate: 8.5%, down from 8.6% in January.
- Civilian Noninstitutionalized Population (16+ years old): 44,587,000, up from 44,521,000 in January.
- Number Participating in Labor Force: 29,174,000, up from 28,920,000 in January.
- Labor Force Participation Rate: 65.4%, up from 65.0% in January.
- Number Employed: 26,701,000, up from 26,437,000 in January.
- Number Unemployed: 2,473,000 down from 2,482,000 in January.