Hispanics and Asians are gaining jobs at a faster rate in the economic recovery than are blacks and whites, immigrants are outpacing the native born, and men are faring better than women.
Kochhar has over 20 years of research experience in the areas of labor economics and price and wage measurement and analysis. Prior to joining the Pew Hispanic Center, he was Senior Economist at Joel Popkin and Company, where he served as a consultant to government agencies, private firms, international agencies, and labor unions. Kochhar is a past President of the Society of Government Economists. His doctoral thesis at Brown University focused on the theory of labor migration.
Hispanics will account for three-quarters of the growth in the nation’s labor force from 2010 to 2020, according to new projections from the Bureau of Labor Statistics.
Median household wealth among Hispanics fell from $18,359 in 2005 to $6,235 in 2009—a 66% decline. This was larger than the decrease for black households (53%) and white households (16%), according to an analysis of newly-available Census Bureau data by the Pew Research Center’s Social & Demographic Trends project.
For the first time since the official end of the Great Recession in June 2009, native-born workers in the second half of 2010 joined foreign-born workers in experiencing the beginnings of a recovery in employment.
In the year following the end of the Great Recession in June 2009, foreign-born workers gained 656,000 jobs while native-born workers lost 1.2 million. As a result, the unemployment rate fell for immigrants while it rose for the native born.
The boom-and-bust cycle in the U.S. housing market over the past decade and a half has generated greater gains and larger losses for minority groups than it has for whites, according to an analysis of housing, economic and demographic data.
The current recession is having an especially severe impact on employment prospects for immigrant Hispanics.
Almost one-in-ten (9%) Latino homeowners say they missed a mortgage payment or were unable to make a full payment and 3% say they received a foreclosure notice in the past year.
A small but significant decline has occurred during the current recession in the share of Latino immigrants active in the U.S. labor force.
The current economic slowdown has taken a far greater toll on non-citizen immigrants than it has on the United States population as a whole.