Saturday, March 2, 2024

Unemployment Rates Rise in Black and Latina Women, Labor Force Set to Increase

The unemployment rate for Black and Latino women increased in February, but the number of people looking for jobs rose, too. According to the U.S. Bureau of Labor Statistics, the U.S. unemployment rate has increased from 3.4% to 3.6%. Women aged 20 and over have had unemployment rates rising slightly to 3.2% from 3.1%. The […]

City National Bank Settles $31 Million After Discriminating Against Black and Latino Neighborhoods

The U.S. Department of Justice has reached a $31 million settlement with City National Bank, based in Los Angeles, California, in a historical housing discrimination case. This settlement is the most significant redlining case investigated by the Justice Department. Redlining is a longstanding set of policies and practices prohibiting banks from approving mortgages for people […]

Latinxs Are Better Off With The Biden Administration

America is in a peak transitional economic moment in large part because of the contributions of the Latinx community. Since the economy is critically important to Latinxs, many question when voting: are we better off today than when Democrats took power two years ago? Because of the COVID-19 pandemic, Latinxs’ economic gains over the past […]

At Latino business summit, business owners discuss their priorities

Even though Latino-owned businesses are a fast-growing sector of the U.S. economy, contributing more than $700 billion annually, ongoing obstacles include access to capital and reliable lenders. Latino business owners and entrepreneurs who gathered in the nation’s capital for a business legislative summit sought answers on those issues as well as reassurances that trade at […]

Latino College completion is key in California

For California to maintain its standing as the fifth-largest economy in the world, the state has to produce at least 1.65 million college graduates by 2030, but it won’t reach this goal without Latino educational success. Latinos are intrinsically tied to the state’s future, by 2060, almost half of California’s population will be Latino “and […]

Latino voters’ concerns go beyond immigration

Recent studies by the Pew Research Center show that Latino voters will make up 12.8 percent of all eligible voters, including the four million citizens age 18 or older who reached voting age between 2014 and 2018. While many Latino registered voters are concerned about immigration policy, like most voters they also are interested in […]

Study finds that Latino-Owned business are succeeding at impressive rates

The average annual revenue of Latino-owned business increased from $258,702 in 2016-17 to $327,189 in 2017-18, an increase of 26.5%, according to a new study. “I think there has been a strong growth in the Latino businesses in the past year because when we see the economy is doing well that gives us the confidence […]

The Growing political power of the Latino community

A few key statistics make it clear: The political power of the Latino electorate is big, and it’s only going to get bigger. In the 1996 presidential election, 4.7 percent of voters were Latino, in 2016, 9.2 percent. Latinos are the nation’s youngest ethnic group with a median age of 27 years, more than a […]

Texas businesses concerned about the future of DREAMers and the impact on the economy

As the state of Texas continues to pursue litigation aimed at ending DACA, some members of the Texas business community are pushing back. A group of Texas Hispanic Chambers of Commerce, businesses and business associations filed a brief opposing a lawsuit filed earlier this year by Texas Attorney General Ken Paxton challenging DACA’s legality. The […]

Keeping DACA brings more benefits for U.S. Economy

For 24-year-old Nicolas Ugaz-Valencia, every work day is living the American dream. He is a manager for a home health care service in New York City, using his Spanish language skills to help people in need. Back in 2001, Nicolas and his family left their home country of Peru in pursuit of a new life […]