GITNUX MARKETDATA REPORT 2024

The Most Surprising Latino Employment Statistics And Trends in 2024

With sources from: pewresearch.org, dol.gov, ers.usda.gov, hispanicchambercincinnati.com and many more

In this post, we explore a comprehensive overview of Latino employment in the United States, backed by key statistics that shed light on various aspects of the labor force participation, earnings, industry representation, and unemployment rates among Latinos. Statistics reveal intriguing insights into the employment landscape for this demographic group, touching upon occupation distribution, poverty rates, self-employment trends, wage disparities, and more. Let’s delve into the data to uncover a clearer picture of Latino employment dynamics and trends.

Statistic 1

"Hispanic workers are more likely to be employed in high-risk occupations compared to non-Hispanic white workers."

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Statistic 2

"The labor force participation rate for Latinos was 65.6% in 2020."

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Statistic 3

"Latino-owned businesses grew 34% over the past 10 years."

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Statistic 4

"The employment-population ratio for Latino men was 69.0% in 2020."

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Statistic 5

"As of 2020, Latino workers made up 18% of the U.S. labor force."

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Statistic 6

"The unemployment rate for Latino workers in the U.S. was 7.9% in 2020."

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Statistic 7

"Latinos are less likely to have access to paid leave and retirement benefits compared to non-Hispanic White workers."

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Statistic 8

"Around 24% of agricultural workers in the U.S. are Latino."

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Statistic 9

"The dropout rate for Latino students has declined by more than half since 2000."

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Statistic 10

"Latino women’s unemployment rate peaked at 20.5% in April 2020 amid the COVID-19 pandemic."

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Statistic 11

"Latinas have a higher labor force participation rate than non-Hispanic White women, at 58.8% compared to 56.3%."

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Statistic 12

"The median usual weekly earnings for Latino full-time workers in 2020 was $747."

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Statistic 13

"Latinos have experienced the highest growth in college enrollment out of any major racial or ethnic group."

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Statistic 14

"In 2020, Latinos accounted for 25% of workers in the construction industry."

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Statistic 15

"In 2019, 29% of Latino workers were employed in service occupations."

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Statistic 16

"Only 36% of Latino workers are offered a Health Reimbursement Account (HRA) by their employers."

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Statistic 17

"Latino children are more likely to live in poverty compared to non-Hispanic white children."

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Statistic 18

"Latino immigrants constitute about 17.4% of immigrant business owners in the U.S."

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Statistic 19

"Over 20% of Latino workers do not have health insurance."

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Statistic 20

"By 2028, Latinos are projected to make up 20.9% of the U.S. labor force."

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Interpretation

In conclusion, the statistics paint a complex picture of Latino employment in the United States. While there are positive indicators such as a growing number of self-employed Latinos and a relatively low unemployment rate for Latino women, challenges persist, including high poverty rates and a significant proportion of workers in low-earning industries. Latino workers are making strides in management and professional occupations, but they are still overrepresented in construction and service industries. The diverse range of employment situations among Latinos underscores the need for targeted policies and support to address disparities and improve overall economic outcomes for this vital segment of the workforce.

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