Americans out of a job are becoming a rarer sight as the unemployment rate reached 3.5 percent in September, down from 3.7 percent a month earlier. The rate for Hispanic Americans, in particular, fell to 3.9 percent—breaking the 4 percent mark for the first time since the Bureau of Labor Statistics (BLS) began keeping such records in 1973.
Hispanics have made unprecedented inroads in the job market, as far as the data goes, in the past 16 months. The record-low unemployment rate has been rewritten six times since June 2018, when it hit 4.6 percent, breaking a record set in 2006.
