Apr 11, 2017 - Economy & Business

The Latino unemployment rate nears all-time low

Susan Walsh/AP

The job market for latino workers has rarely been better, with the unemployment rate for that group hitting 5.1% in March, just shy of its 2006 low of 5.0%.

Why it matters: Minority groups tend to disproportionately be hurt by recessions, and disproportionately benefit when the economy is at full employment. That means that these groups stand to benefit the longer Janet Yellen and the Fed maintain stimulative monetary policy, and the more the federal government spends on job-creating initiatives like infrastructure.

Data: Bureau of Labor Statistics and author's calculations; Chart: Andrew Witherspoon / Axios

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