Hispanic Unemployment Below General Market

February 24th, 2009

Posted by Jose Villa

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The Pew Hispanic Center released a new report earlier this month that is consistent with some of my earlier posts (Hispanics present a promising alternative to the overleveraged consumer and Unemployment decreases among Hispanics) about the resiliency of the Hispanic market vis-a-vis the general market.

According to the Pew Hispanic Center’s “Unemployment Rises Sharply Among Latino Immigrants in 2008,” Hispanics have actually maintained a higher rate of employment than the overall population (62.3% vs 61.6%, respectively) The report also shows that Hispanics have the highest labor force participation rate of any group measured at 68.3%.

While not good news, it shows that this is a labor market that more quickly adapts to difficult economic circumstances, especially when you consider how key Hispanic employers in construction, hospitality, and the retail sector have been hit by the recession.

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