The Latino unemployment rate climbed to 5% in May, a 0.2% increase compared to the prior month, according to new stats published by the Bureau of Labor statistics on Friday. Similarly, the employment population ratio dropped from 64.1 to 64.0, while the participation rate remained flat at 67.3.
The increase coincides with the country-wide rate, which ticked up from 3.9% to 4%. This despite the economy adding 272,000 jobs last month, exceeding all expectations from economists surveyed by Dow Jones, who predicted an increase of 190,000 payrolls. Health care, government, leisure and hospitality and "professional" services were the areas with the most gains. The average gain of the past 12 months had been 232,000.
