Hispanics Keep Getting the Worst of the Economy
(Washington D.C.) – Today’s monthly Jobs report from the Bureau of Labor Statistics (BLS) showed an increase in the Hispanic unemployment rate, rising to 6.8 percent – well above the unchanged national average of 5.3 percent. While job creation has been consistent over the past several months, the Labor Department reported this week an increase of 3,000 people requesting jobless aid, bringing the total number applying for unemployment insurance for the first time to 270,000. The outlook for the U.S. economy is taking a hit as both consumer confidence and American stocks go down, showing broad-based concern regarding the country’s expected economic growth.
Daniel Garza, Executive Director of The LIBRE Initiative, released the following statement:
“Once again we find Americans, and particularly the Hispanic community, struggling for relief in this mediocre economy. While the unemployment rate for the general population has dropped, unemployment in our Latino community remains disappointingly high in comparison – and even increased this past month. Companies are struggling to expand, they’re unable to generate jobs, and big government in large part is to blame for this.
The Obama administration has been focused on adding regulations more so than adding jobs. If we expect to see a thriving America, lawmakers need to put a stop to senseless mandates, free the hands of job creators and incentivize people to be self-reliant — instead of boasting about increased dependency. There has been a lot of talk of making America great again, but what makes America great are Americans. No matter where we come from we’re all here because this is the land of opportunity — let’s make this a reality once again.”