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Hispanic Unemployment Rate at 6.9 Percent


Hispanic Unemployment Rate at 6.9 Percent

(Washington, D.C.) – Today the Department of Labor issued the monthly employment report for August, finding that the overall unemployment rate now stands at 5.9 percent. The rate for Latinos is significantly higher – at 6.9 percent. Additionally, the labor participation rate has fallen – and now sits at its lowest level since 1978.

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

"The continuing weakness of the U.S. economy means that working families are increasingly falling behind. Median annual income for Hispanic households has fallen by more than $2000 since 2009. Today, more than 1.2 million Hispanics find themselves trapped in part-time work, wages are not improving, and millions are worse off than they were just a few years ago. 

The American people understand that limiting taxes and reining in excess regulation will allow American workers and small businesses to start earning and investing for a better future. The economy remains extremely fragile – despite, massive federal spending and the Federal Reserve's easy money policy. Real growth will come when Washington gets out of the way, and allows private sector entrepreneurs to grow and lead."

For interviews with a LIBRE representative, please contact: Brian Faughnan, 703-678-4581 or Steven Cruz, 202-578-6173