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Hispanic jobless rate shows vulnerability - Unemployment among U.S. Hispanics has risen faster than other groups

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Posted on: May 15th, 2008
Filed Under: [ Business ] [ Top Stories ] [ Blogante Business ]
Tags: foreclosure, latin america, remittance, remittances

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Unemployment among U.S. Hispanics has risen faster than other groups, underscoring their vulnerability in the U.S. economy, analysts said.

Home ownership had risen to 50 percent among Hispanics before the mortgage credit crisis began to unfold last summer, USA Today reported Thursday.

A deteriorating home equity market, rising foreclosures and Hispanic workers’ dependence on construction jobs has decreased remittances sent to families in Latin America, the report said.”*