JOBLESS RATE LOW
The Hispanic unemployment rate reached a historic low of 5.2 percent in the second quarter of 2006, according to the Pew Hispanic Center. Wages for Latino workers also rose between the second quarters of 2005 and 2006, and at a faster rate than for other workers. Those developments reflect significant improvement in the labor market for Latinos in 2005-06.
The healthy job market for Latinos has been driven by the construction industry. The majority of construction jobs have filled by foreign-born Latinos.
The rate of growth in the Latino labor force exceeds that of any other group, and the new immigrants have been successful in finding employment, especially in the construction industry. Wages, however, have not kept pace with the growth in employment for all Hispanic workers. For foreign-born Latino workers, median wages actually decreased from the second quarter of 2005 to the second quarter of 2006. Latinos also still have the lowest median wage of all racial and ethnic groups. For more information: www.pewhispanic.org.