Latino Unemployment Rate under President Joe Biden

SOURCE www.factcheck.org
President Joe Biden recently claimed that under his presidency, the Latino unemployment rate reached the lowest in a 'long, long time,' but in reality, it was the lowest since September 2019. The rate has since increased to 5% as of February 2024.

Key Points

  • Latino unemployment rate reached 3.9% in September 2022, the lowest since September 2019
  • Unemployment rate for Latinos increased to 5% in February 2024, the highest since February 2023
  • Initial BLS report stated 3.8% unemployment rate, later revised to 3.9%

Pros

  • Achievement of historically low Latino unemployment rate in September 2022

Cons

  • Misleading claim by President Biden about the timeline of the lowest unemployment rate