The U.S. labor market has healed substantially since the unemployment rate spiked to double digits following the financial crisis. Still, for many different demographic segments, progress in finding jobs has been slow in coming.
A look under the hood of February's better-than-expected job gains, however, shows this to be changing: The labor market's strength is broadening to include a group that has historically lagged the national average.
The unemployment rate among Hispanics or Latinos has declined by almost a full percentage point so far in 2016, to 5.4 percent, its lowest level since March 2007. This is the best two-month drop since the start of 2011, with February's decline of 0.5 percentage points marking the most rapid one-month improvement since April 2014. READ MORE AT BLOOMBERG BUSINESS
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