Curbs on Spending May Be Helping
Texas Insider Report: WASHINGTON D.C. The
Hispanic unemployment rate remains significantly higher than the nation as a whole and even more Latinos are being forced into part-time work
or worse staying unemployed even longer. Among all workers wage gains are uneven with low-income workers
seeing little improvement" said Daniel Garza Executive Director of The LIBRE Initiative following Fridays unemployment report.
The report from the Bureau of Labor Statistics shows that the economy added 321000 jobs during the month of November.
While the overall unemployment rate remained unchanged for Hispanic workers the
unemployment rate fell from 6.8 to 6.6 while the total number employed part-time for economic reasons climbed to 1.38 million - representing 5.7 of all working Hispanics overall.
Also troubling the number of Latinos unemployed for at least 27 weeks climbed to 29.89 from 28.32 last month.
The last few years have seen increased American energy production some preliminary steps toward spending discipline in Washington and a pause in the flood of massive new regulatory plans. Its encouraging that as we have seen these changes implemented theres been some improvement in the U.S. labor market" said Garza.
This is clearly not the time for a massive and costly new regulatory agenda as the White House apparently has planned.
That said theres clearly a lot of room for improvement. If Washington policymakers stay committed to an agenda of spending discipline and limited cost-effective regulation theres reason to hope for continued improvement. Garza said.
