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Hispanic Unemployment at Historic Low

(Washington, D.C.) – Today the Bureau of Labor Statistics released the employment report for November, showing that the economy added 228,000 new jobs during the month. This strong report also shows the overall national unemployment rate stable at 4.1 percent, and Hispanic unemployment falling to a reported record low of 4.7 percent.

Daniel Garza, President of The LIBRE Initiative, released the following statement:

“When policymakers commit to an agenda that limits taxes and curbs unnecessary government regulation, it makes it easier for workers and entrepreneurs to succeed. The Hispanic community is beginning to see the benefits of an improving economy. Lawmakers in Washington have a critical opportunity to deliver on tax reform that lowers rates, closes loopholes, and enhances competitiveness – which families and entrepreneurs are counting on. By locking these reforms in place for the long-term, Congress and the president will help to ensure a stable environment that encourages greater economic opportunity and wage growth. Reducing the tax rate on American businesses to 20 percent – without creating new tax burdens – will be particularly helpful in ensuring the U.S. economy is competitive with those of our major trading partners, boosting the prospects of American workers and families. Hispanic families stand to gain a great deal if lawmakers deliver on these promises in the days ahead.”

For interviews with a representative from The LIBRE Intiative, please contact Brian Faughnan, 202-805-1581 or Wadi Gaitan, 202-853-4463