The U.S. Hispanic population will account for 40% of employment growth over the next five years and more than 75% from 2020 to 2034, according to a new study.
That’s around 11 million jobs out of 14 million new positions across the economy.
Job growth among the Hispanic population is particularly notable given that the growth of the non-Hispanic working age population is set to slow to near zero as the number of new non-Hispanic workers will barely match the drop from retiring baby boomers, according to the study from IHS Global Insight, an economic forecasting firm.
The forecast sees Hispanic labor-force growth set to accelerate by an average 2.6% over the next 20 years, even as the labor force will grow by 0.6% for the country as a whole from 2020 to 2034. READ MORE AT THE WALL STREET JOURNAL
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