Posted by Elena del Valle on July 10, 2008
Photo: Simon & Baker
Latino labor growth has slowed down due to America’s economic woes and the construction industry recession, and working age immigrant Latinos represent a lesser percent of the overall Hispanic labor pool than in the recent past. These are the findings of a recent Pew Hispanic Center report on labor and Latinos trends in the United States.
In spite in the decreasing growth opportunities, there are no indications that immigrant Latino workers are leaving the country, according to Latino Labor Report, 2008 written by Rakesh Kochhar, associate director for Research, Pew Hispanic Center. Latinos represent 14 percent of the United States labor pool and more than half, 52 percent, of working age Latinos are immigrants.
Target Latinos effectively by anticipating changes in the market with
“Hispanic Projections with 2007-08 update” audio recording
Presenter Roger Selbert, Ph.D.
- About Latino buying power growth in the future
- How Latino market growth compares with other markets in the U.S.
- What drives the rise of Latino economic clout
- Who should target the Latino market
- What is the size of the Hispanic affluent market
- If the luxury Latino market is growing
Stay ahead of your competition with “Hispanic Projections”
As a result changes in the Latino working population may have a limited impact on the overall working population. Nonetheless, it is noteworthy that Hispanic unemployment in the first quarter of 2008 was much higher than non Hispanic employment, 6.5 percent versus 4.7 percent. This data is in marked contrast with labor statistics of less than two years ago.
In late 2006 the difference in unemployment between Latinos and the mainstream was only .5 percent, 4.9 percent for Latinos compared to 4.5 percent for non Latinos. Immigrant workers have been affected more than most. For example, for the first time in five years more foreign more born Latinos than native born Latinos were unemployed.
In the last year, changes in the construction industry caused a drop of 250,000 jobs among Latinos and eliminated existing job growth within that working group. This is significant because for years construction represented the largest growth industry for Hispanic workers, especially among immigrants. Of the 221,000 Latino workers who left jobs in construction last year, 152,000 were people who had migrated from Mexico.
In 2007, Latino women suffered in greater numbers than their male counterparts, leaving the labor force in great proportion and showing more unemployment than Latino men. There were 130,000 Latino women who became unemployed last year and unemployment among Latino women increased from 5.6 percent to 7 percent.
The report was based on the Pew Hispanic Center’s analysis of recent Bureau of Labor Statistics and Census Bureau data, mainly the Current Population Survey. The Pew Hispanic Center, an initiative of the Pew Research Center, is a non-partisan, non-advocacy research organization based in Washington, D.C. The Pew Hispanic Center is funded by The Pew Charitable Trusts.
Hispanic Marketing and Public Relations Understanding and Targeting America’s Largest Minority book
“A must resource for practitioners/professionals expecting to reach US Hispanics; also valuable for college programs in marketing, public relations and communications. Highly recommended.”
Click here for information on the Hispanic Marketing & Public Relations books