Latinos drove the country’s demographic growth, shooting up to 62.1 million, the Census Bureau announced Thursday. One of the biggest findings is the big growth in Latinos who identified as more than one race, while the number of Hispanics who identified as white dropped significantly. READ MORE AT CNBC NEWS
Hundreds of thousands of Latinas dropped out of the workforce over the past year. They were not just temporarily unemployed — they were forced to completely leave the labor market due to a safety net that often proved inaccessible and inequitable during the pandemic. READ MORE AT CALMATTERS
Latinos in the U.S. were hard hit by the pandemic both financially and personally, but many feel generally optimistic that the worst is behind them, according to a new study by the Pew Research Center.
The study published on Thursday surveyed 3,375 Latinos in the U.S. in March. It comes as coronavirus infections are on the upswing in the U.S. again. READ MORE AT U.S. WORLD & NEWS REPORT
Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from 2020-2040, serving as the growth engine of American home buying. READ MORE AT CNBC
Consumer confidence among U.S. Hispanics fell in the second quarter, though optimism about their overall finances is building as the nation continues its recovery from the COVID-19 pandemic.
The Hispanic Consumer Sentiment Index decreased to 90.8 from 92 in the first quarter, but it remains high above the 82.8 during the second quarter of last year, according to the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI) in FAU’s College of Business. READ MORE AT FLORIDA ATLANTIC UNIVERSITY
White men now make up the minority of business owners in the United States, a shift driven by fast growth in women- and LatinX-owned businesses, and one that has profound implications for the country’s finance and innovation infrastructure.
LatinX owned businesses have been growing at a rate of two- to-four times the rate of the overall population since 2015, when Porras’s organization began surveying them. He estimates that there are 1 million net new LatinX-owned businesses created every five years. READ MORE AT FORBES
Even without the kind of spending on Latino turnout that some had hoped to see, they registered and voted in record numbers in the 2020 presidential election, according to a City University of New York study.
The election saw a dramatic rise in registration and voting by some 18.7 million Latinos, so that about 1 in 10 voters was Latino.. READ MORE AT NBC NEWS
Latinos were disproportionately hit by the pandemic — economically and in deaths and illness. Hispanics had just regained earnings and wealth at levels they had had before the Great Recession in 2008. Missing out on the aid could slow not only their recovery, but also the economic recovery. READ MORE AT NBC NEWS
Even in a pandemic that resulted in steep job losses, economic turmoil, and a cutthroat housing market, more Hispanic buyers successfully purchased homes last year. More than 600,000 Latinos bought a home with a mortgage last year—a 13% jump from 2019, according to a recent report by the National Association of Hispanic Real Estate Professionals.
For many Hispanic buyers, COVID-19 cemented their desire and accelerated their plans to become homeowners. Record-low mortgage rates also served as an incentive, driving down monthly mortgage costs. READ MORE AT REALTOR.COM
Unemployment rates for women of color exceed that of white women. Hispanic women had the highest rate of unemployment (20.2 percent) from mid-March to mid-April, an increase of more than 300 percent since February. READ MORE AT BECKER'S HOSPITAL REVIEW
The average revenue of Latino-owned businesses improved 46.5% in 2019, increasing to $479,413 from $327,189 in 2018, according to Biz2Credit’s annual study. Meanwhile, the number of credit applications from Latino-owned businesses increased by 23% over the past 12 months.
The study, which examined the primary financial information submitted by 3,000 Latino-owned businesses on Biz2Credit’s online platform, also revealed that while revenues climbed, the average credit scores Latino-owned businesses dipped to 588 from 594 last year. READ MORE AT Biz2Credit
Looking to make some money? Holiday hiring is underway.
Where? Brick and mortar stores, online retailers, and businesses that get busy during the holidays, such as hotels or restaurants.
So how to prep for the interview? Snag-a-Job says one of the top traits retailers want in seasonal workers is "flexibility." Both when it comes to your schedule and with what duties you're willing to do on the job. READ MORE AT ABC 7 NEWS
Hispanic adults in the United States have higher life expectancy compared to non-Hispanic whites and non-Hispanic blacks, two groups for which a trend of decreasing death rates has plateaued.
That's according to data released Tuesday by the National Center for Health Statistics in the Centers for Disease Control and Prevention. READ MORE DESERET NEWS
Forty-two percent (42%) of American adults either have owned a small business or want to do so.
A Job Creators Network/ScottRasmussen.com national survey found that 22% have already run their own business and another 20% would like to do so in the future.
Black and Hispanic Americans who have never run their own business are more interested in trying it than white Americans. READ MORE AT NEWSMAX
Remote work is in more demand than ever.
With more than 10 million Americans in need of unemployment benefits, the number of job losses will likely continue to rise in the coming weeks as more people are mandated to stay home to slow the spread of coronavirus. And the pandemic has put a renewed spotlight on jobs that can be done from home. READ MORE AT FOXNEWS
The Hispanic consumer may not be the first thing that comes to mind when thinking about the travel industry, but a deeper look into travel trends shows that they perhaps should be. READ MORE AT FORBES
Both subtle and significant differences in food habits, cultural mores and lifestyles exist among Cubans, Mexicans, Puerto Ricans, and Central and South Americans.
These subsets of Hispanic populations reside in the United States but tend to be lumped under the larger umbrella of Hispanics who are often referred to as Latinos, the largest and fastest growing minority group in the US. READ MORE AT Onco'Zine
Driving down Race Street, you'll see banners and signs touting names like "Mundo Latino Records," "Restaurante Mi Laurita," and "La Mexicana. Tienda y Taqueria."
“This is pretty much the center of the Hispanic community in Georgetown,” said Jonathan Rodriguez, 32, who runs one of his family's grocery stores and a restaurant on that street.
It's evidence of the flourishing population of people from Latin American countries who've settled in a county known for supporting President Donald Trump and the Republican Party.
As of 2017, the Hispanic population of Sussex County is 9%, but in Georgetown, it's a higher 32%. READ MORE AT DELEWARE ONLINE
Even with the quickly changing landscape in the U.S., experts think healthcare systems aren't prepared to adequately treat the Latino population, which has unique healthcare challenges and needs.
Latinos are 50% more likely to die from diabetes or liver disease than whites. They are also 23% more likely to be obese.
Only a few healthcare systems—even those in areas with a large Latino population already—have invested in services targeted for Latinos beyond language services, which hospitals are legally required to provide under the Civil Rights Act. READ MORE AT MODERN HEALTHCARE
Hispanic-owned businesses are on a roll. Since 2011, the five-year average growth rate in the number of Hispanic-owned businesses has been double or triple the national average for all businesses, according to the Stanford Latino Entrepreneurship Initiative. All told, Hispanic-owned businesses contribute $700 billion annually to the U.S. economy. READ MORE AT ALLBUSINESS
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