Disappointing Jobs Report with Downward Revisions, Rising Unemployment, and Unsettling Trend for Hispanic Workers in October!

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Jobs report is out: October is lower than expected, plus more downward revisions from initial reported numbers. Unemployment is also up. 34% of reported jobs gained were in government, while manufacturing lost 35,000 jobs.

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Unemployment among Hispanic workers rises at faster pace in October than overall rate

  • Among Hispanic Americans, the jobless rate rose 0.2% to 4.8%.
  • Black Americans, the group with the highest jobless percentage in America, saw their unemployment rate tick up 0.1% to 5.8% last month.
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