Latino Unemployment Rate Sees Big Drop

The unemployment rate among Hispanics has decreased to 11.9 percent, down from 13.2 percent in November --a 1.3 percent positive change according to the Department of Labor-- marking the largest positive change among all groups in the month of January.

November marked the highest unemployment rate among Hispanics since 1983 when it was 14.3 percent.

Nationally, 36,000 jobs were created as the unemployment rate fell only by 0.4 percentage point to 9.0 percent for the month.

Since November, the unemployment rates among Whites fell .8 percentage point from 8.8 percent to 8.0 percent and Blacks saw a .3 percentage point decline from 16 percent to 15.7 percent.

According to the EPI, Economic Policy Institute, few believe that the unemployment rate will dip below 6 percent before 2014, the latest projections from the Congressional Budget Office predict the unemployment rate might dip to just above 7 percent in that year.

The EPI report also predicts that the unemployment rate through 2012 among blacks will remain over 15 percent and among Hispanics it will still be around 11 percent.

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