Hispanics losing wages, jobs during housing slump

The slump in the construction industry has hit Hispanics especially hard, causing “a dramatic reversal” in their economic gains as more become jobless while wages continue to drop, according to a study of labor statistics released today.

The Pew Hispanic Center, a non-partisan research group in Washington, D.C., found that the jobless rate for Hispanics rose to 6.5 percent during the first quarter of 2008. That’s compared to 4.7 percent unemployment rate for the rest of the country’s population.”*

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