Monday, February 06, 2012

Latinos, hit hard by job losses, are making strong comeback - latimes.com

Latinos, hit hard by job losses, are making strong comeback - latimes.com: ...Latinos with ties to the home building industry got slammed by the recession, which wiped out about 2 million construction jobs.

But now, as the economic rebound picks up a bit of steam, Latinos are scoring bigger job gains than most other demographic groups and proving to be a bright spot in the fledgling recovery.

While they make up only 15% of the country's workforce, Latinos have racked up half the employment gains posted since the economy began adding jobs in early 2010, Labor Department data showed.

The improving labor market for Latinos, a key voting bloc, could boost President Obama's political fortunes in the fall. They backed Obama heavily in 2008, but many became disgruntled over recession-induced job losses, a top concern among Latinos, and his handling of immigration issues.