The 18.9% national, seasonally-adjusted unemployment rate for Hispanics and Latinos in April more than tripled from March’s 6.0% level, as the number employed plummeted by more than five million (5,093,000) and the number unemployed jumped by more than three million (3,492,000) from March’s levels.
The 18.9% unemployment rate tops the previous record high of 15.7% set nearly four decades earlier in December of 1982. The Bureau of Labor Statistics (BLS) began tracking Hispanic-Latino employment data in 1973.
Hispanics’ unemployment rate suffered the steep rise despite a decline in the number participating in the work force and a drop in Hispanics’ labor force participation rate, from 67.1% to 63.3%, the BLS reported Friday.
Only two months earlier, in February, Hispanics 68.1% work force participation rate hit the highest mark in a decade (68.1% in March of 2010),
Likewise, April’s 18.9% unemployment rate is only seven months removed from the record low of 3.9% set in September of 2019.
Hispanic-Latino employment statistics for April 2020:
- Unemployment rate: 18.9% up from 6.0% in March.
- Civilian Noninstitutionalized Population (16+ years old): 43,975,000, up from 43,895,000 in March.
- Number Participating in Labor Force: 27,841,000 down from 29,443,000 in March.
- Labor Force Participation Rate: 63.3%, down from 67.1% in March.
- Number Employed: 22,579,000, down from 27,672,000 in March
- Number Unemployed: 5,263,000, up from 1,771,000 in March.