Latino immigrants experience huge jump in unemployment
According to a new analysis of Census data by the Pew Hispanic Center, the recession is‚ "having an especially severe impact on employment prospects for immigrant Hispanics." "The unemployment rate for foreign-born Hispanics increased from 5.1% to 8.0%, or by 2.9 percentage points, from the fourth quarter of 2007 to the fourth quarter of 2008. During this same time period, the unemployment rate for all persons in the labor market increased from 4.6% to 6.6%, or by 2.0 percentage points. Among immigrant Latinos, the share of the working-age population (16 and older) that is employed fell by 2.8 percentage points, from 67.5% in the fourth quarter of 2007 to 64.7% in the fourth quarter of 2008.1 Among all persons of working age, the employment rate decreased by 1.6 percentage points, from 63.2% to 61.6%, in the first year of the recession."