The U.S. unemployment rate for Latinos fell to 9.9 percent in September, the lowest jobless rate in nearly four years, and the lowest level since President Barack Obama first took office.
Latino unemployment has hit a 45 month low as September marks the first time the Latino jobless rate has fallen below 10 percent since December of 2008, when it was 9.4 percent.
The number of unemployed Hispanics has dropped by nearly 20 percent since the number of unemployed Latinos hit its peak at over 3 million in November 2010.
If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11 percent.
- Mitt Romney, Republican Nominee
According to the report from the Bureau of Labor Statistics, September's Latino unemployment rate declined from 10.2 percent in August and is in line with the overall downward national trend for the jobless rate, which fell to 7.8 percent, down from 8.1 percent,--a 44-month low. The number of unemployed Americans is now 12.1 million, the fewest since January 2009. READ MORE
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