Hispanic Unemployment Rises to 9.7%

4798 The seasonally adjusted unemployment rate for Hispanics stood at 9.7 percent in January, up just slightly from 9.6 percent in December, according to numbers released by the U.S. Bureau of Labor Statistics on Friday. The rate for Hispanics in January 2012 was 10.5 percent.
There are 2.5 million idled workers in the Hispanic civilian labor force, out of a total Hispanic civilian workforce of 24 million.

Broken out by sex, the unemployment rate for Hispanic males 20 years and older was 9.7 percent in January compared to 10.7 percent a year earlier, while the rate for Hispanic females 20 years and older was 9.9 percent in January compared to 11.3 percent a year earlier. Those number weren't seasonally adjusted.

The unemployment rate in January was 6.5 percent for Asians, 7 percent for whites and 13.8 percent for blacks.

Overall, some 8 million Americans were working part time in January because their hours had been cut or because they were unable to find full-time work, while some 2.4 million people were marginally attached to the workforce because they hadn't looked for work during the four weeks preceding the survey although they wanted work.

Source: Hispanic Business
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