HISPANICS ARE INTEGRAL TO THE WORLD ECONOMY

While Hispanics—both at the national and state levels—are an integral part of the U.S. economy, they tend to lag behind in several other critical economic indicators. Their median household income, for instance, is roughly 25 percent lower than U.S. households.

Additionally, in the first quarter of 2017, Hispanics ages 16 and above had an Unemployment rate 1 percent higher than the national average. These long-standing inequities not only affect individuals and families in the Hispanic community but also can have a significant effect on the strength of the U.S. economy.

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For further information, we recommend referring to:
The Employment Situation — April 2024, https://www.bls.gov/news.release/pdf/empsit.pdf.
U.S. Bureau of Labor Statistics Labor Force Statistics from the Current Population Survey for 2023 and 2024,
https://www.bls.gov/web/empsit/cpsee_e16.htm.
The Economic Contributions of Hispanic Americans, September 15, 2021,
https://research.newamericaneconomy.org/report/hispanic-spending-power-2021/
Power of the Purse: The Contributions of Hispanic Americans, February 17, 2020,
https://research.newamericaneconomy.org/report/hispanic-americans-2019/
Immigrants Contribute Greatly to U.S. Economy, Despite Administration’s “Public Charge” Rule Rationale, August 15, 2019,
https://www.cbpp.org/research/immigrants-contribute-greatly-to-us-economy-despite-administrations-public-charge-rule
How does immigration affect the U.S. economy? National Academy of Sciences, 2024,
https://thesciencebehindit.org/how-does-immigration-affect-the-u-s-economy/
How the Migrant Hispanic Population’s Demographic Characteristics Contribute to US Growth, The Peterson Institute, February 2019,
https://www.piie.com/publications/working-papers/economic-benefits-latino-immigration-how-migrant-hispanic-populations