The Hispanic unemployment rate has dropped to an all-time low since the Labor Department first started collecting data on it in 1973.
Although the Hispanic unemployment rate hit a record low in October and December last year when it reached 4.4%, data from April shows that Hispanic unemployment reached a record low when it dropped to 4.2%.
Meanwhile, the African American unemployment rate hit a record low in 2018 when it dropped under 6%. The current African American unemployment rate now rests at 6.7%.
The numbers come after the Labor Department released data that shows U.S. payrolls grew by 263,000 in April, meaning the unemployment rate had reached a 50-year low. Economists surveyed by FactSet predicted payrolls would increase by 181,000 in April.
President Trump touted the numbers on Twitter early Friday morning, as he shared an article from CNBC claiming that “jobs surge in April.”
[Opinion: April’s jobs report parties like it’s ’69]
JOBS, JOBS, JOBS!
“Jobs surge in April, unemployment rate falls to the lowest since 1969” https://t.co/4DGpumMISf
— Donald J. Trump (@realDonaldTrump) May 3, 2019
