Monday, March 9, 2020

Hispanic Employment in the United States Sets New Record High

Source: https://tinyurl.com/uuz8h9e

Written by: Carlos Dela Vega (staff@latinpost.com)

(Photo : Pexels)

Hispanics are known as hard working people. They work night and day with few complaints just to provide the basic needs of their families. They are also becoming the main workforce of the United States.

There are millions of Hispanics who currently live and work in the country. Each of them wishing to have a job and hoping for a brighter future. It is one of the main reasons they decided to leave their place of origin and chose to live in the United States.

According to the U.S. Bureau of Labor Latinos (BLS), Hispanics are expected to have the most labor force growth from 2018 to 2028. They are expecting that there will be an increase of 7.4 million to 8.9 million Hispanic people in the workforce compared to other races and ethnicity.

In the recent report of BLS, the employed Hispanics for February this year have increased to 28,531,00 surpassing the employment in January which is estimated to be around 28,397,000. This means that an additional 134,000 Hispanics were added and employed in February.

Moreover, Hispanics' participation in the workplace has also increased. There were 29,852,000 who actively participated in their workplace for February. This is slightly higher compared to the 29, 672,000 in January. An increase of 180,000 Hispanics participated in their workplace.


Even though it is true that there is an increase in Hispanics' employment rate in the United States, the unemployment rate has also increased. According to a published article in CNS News, an increase of 4.4 percent of Hispanics and Latinos were recorded unemployed for February.

It is the highest unemployment rate since the Latino and Hispanic community has a record low of 3.9 percent unemployment rate in September 2019. This means that both the employment and unemployment rate among Hispanics and Latinos in the United States has increased.

The growth of Hispanic employment in the country is expected to increase as the Hispanic owners of small businesses are planning to expand and hire more employees. Hispanics are also opening more small businesses in the country compared to other ethnicities or races.

Meanwhile, President Donald Trump said during the Latino Coalition Legislative Summit that they were able to create more than 3 million jobs for Hispanic-Americans under his administration. He also mentioned that more Hispanics-Americans are now earning and can afford housing in the United States.

The aim of President Donald Trump to Make America Great Again (MAGA) has now clearly manifest. The creation of millions of jobs for the Hispanic-Americans means increasing the household income that will help their family to afford household, education, private healthcare services, and more.

The median household income has also reached its highest level in American history. Trump said that the median household income has surpassed $50,000 a year. This is indeed a good year to start the decade for the Hispanics in the United States.

They will greatly contribute both in the local and national economy of the country and will be the main workforce in the years to come. Hispanic owners of small business are contributing billions of dollars every year and Hispanic employees are helping the economy to work and grow.

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