Wednesday, June 04, 2008

With Losses in Construction, Hispanic Unemployment Soars - washingtonpost.com

With Losses in Construction, Hispanic Unemployment Soars - washingtonpost.com: The unemployment rate among Latinos is rising faster than the rate for all other workers in the United States, as the steep decline in the construction industry eliminates hundreds of thousands of jobs, according to a national study released today.

Latino workers have lost nearly 250,000 jobs in the construction industry during the past year, with Hispanic immigrants getting hit hardest, the report by the Washington-based Pew Hispanic Center said.

Joblessness among Latino immigrants rose to 7.5 percent at the end of the first quarter of 2008, compared to 6.5 percent for all Latinos and 4.7 percent for all other workers in the U.S. The rise in unemployment for Hispanic immigrants also marked the first time since 2003 that foreign-born Latinos had a higher unemployment rate than that of native-born Latinos, the report said.