Multicultural Job Growth Slows Down

It is not surprising that the employed population is currently more Multicultural than ever before at 35% of up from 28% in 2012, according to SSG’s analyses of the Bureau of Labor Statistics latest job data. What is surprising is that White Non-Hispanics showed a marked turnaround from five years of consistent trends when Hispanic, African American, and Asian generated around two thirds of all job growth but only 54% of all new jobs created in 2017.

Leading Multicultural Economy Indicators Series

It is not surprising that the employed population is currently more Multicultural than ever before at 35% of up from 28% in 2012, according to SSG’s analyses of the Bureau of Labor Statistics latest job data. What is surprising is that White Non-Hispanics showed a marked turnaround from five years of consistent trends when Hispanic, African American, and Asian generated around two thirds of all job growth but only 54% of all new jobs created in 2017. It appears the current economy is working stronger for White Non-Hispanic than for Multicultural segments.

Employment growth

For Multicultural segments, there has been a slightly decrease in their share of employment growth. In fact, while Hispanic’s share of employment growth usually leads the pack, in the last 8 months of 2017 they have only accounted for 26% of employment growth, down 6 points from the first 8 months of 2016.

The unemployment rate is decreasing nationally for all segments; for instance, it is now 4.5% employment rate compared to a year ago when it was 5.0%. White non-Hispanics are decreasing their unemployed population at a faster rate than other minorities.

[Follow our series on Leading Multicultural Economic Indicators over the next few weeks] 

 

Tags:

No comments yet.

Leave a Reply

CAPTCHA

PLEASE RESOLVE THE MATH PROBLEM BELOW:

Ten Latina Millennial Nuances

Slider_combined2

SSG reveals in a deep dive into Latina Millennials’ mindsets that they show distinct nuances vs. their White Non-Hispanic counterparts. […]

The Promise And Reality Of ‘Total Market’ And How CMOs Need To Address It

forbes

Aug 23, 2016 by Pepper Miller.- Total Market strategy is defined by the Association of Hispanic Advertising Agencies as “a […]

Gen Z 1.0; Hispanic vs White NH [INFOGRAPHIC]

Complete infographic Capture4

Hispanic Culture remains strong among Hispanic Gen Z reflecting distinct dimensions of Values: hyper-aspirational drive, determination, community mindedness, and family […]

Hispanic Gen Zers’ Families: Where Stress Begins and Love Never Ends

6456457 - extended family relaxing at home together

In our latest Gen Z qualitative exploration, we spoke with Hispanic and White Non-Hispanic Gen Zers to better understand differences […]