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Hispanic Economy in Transition - Chapter 3 - Labor Force
Hispanic Business Inc, June 2008
Hispanics are now the largest ethnic minority in the United States and during the past decade, U.S.
Hispanic purchasing power has rapidly increased.
This report takes an in depth look at how today’s Hispanic Economy is transitioning into an economic power in the U.S.
Chapter 3 - Labor Force
Details the evolution of the U.S. Hispanic workforce, the impact of education, and the increasing shift of Hispanic professionals into upper management
Chapter 3: Labour Force
- Between 1980 and 2006, the total U.S. labor force increased by 41.65 percent, or 44.6 million workers. Hispanics contributed 14.5 million workers to the total, accounting for nearly a third of the increase in the U.S. labor force during the last 26 years.
- Over the six-year period between 2000 and 2006, Hispanics accounted for the greatest part (79.2 percent) of the 25 percent overall growth in “construction and extraction occupations.” Hispanics also represented more than one fourth (26.5 percent) of the 41.85 percent growth in “management, business, and financial operations occupations.” Indeed, certain industries have relied on Hispanics to grow or competitively sustain their operations.
- Among U.S. workers in the 20- to 24-year-old group, 17.96 percent are Hispanic. Since 34.3 percent of U.S. Hispanics are younger than 18, the near future will see large numbers of young Hispanics entering the labor pool.
- Data indicate a strong link between educational attainment and Hispanic earnings. In 2006, median earnings for Hispanic males with bachelor’s degrees reached $45,917, while median earnings for those with only high school diplomas were $30,844. Furthermore, Hispanic men with master’s degrees had median earnings of $68,167.
- The number of Hispanics in management and professional occupations has increased over time. In 2000, only 6.6 percent of Hispanic workers were in management, business, or financial operations occupations. By 2006, that had increased to 7.5 percent.
Customers who bought this item also bought
Hispanic Economy in Transition - Entire Report
Who We Are: Hispanics
Hispanic Economy in Transition - Chapter 9 - Politics
Hispanic Economy in Transition - Chapter 8 - Youth
Hispanic Economy in Transition - Chapter 1 - Population
Hispanic Economy in Transition - Chapter 7 - Education
Hispanic Economy in Transition - Chapter 2 - Household
Hispanic Economy in Transition - Chapter 5 - Wealth
Hispanic Economy in Transition - Chapter 4 - Consumer Markets
Hispanic Economy in Transition - Chapter 6 - Business & Entrepreneurship
US Hispanics Online: Demographics
The Economic Impact of Hispanics on the U.S. Marketplace in the United States 2009
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