Latino Communities and the Economy – Federal Reserve Bank of San Francisco

Abstract background representing the economy and Latino communities

Latinos, who make up 31% of the Twelfth District’s population, are an important part of our district’s economy—and the US economy as a whole. The economic contributions of Latino communities to our country are enormous, far-reaching, and growing rapidly.

At the San Francisco Fed, we study and share our insights into the economic impact of Latino communities as part of our commitment to justice. Equity affects economic performance and is therefore a central part of our Congress-mandated mission: to promote a healthy and sustainable economy and to support the nation’s financial and payment systems.

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Recent Research

How do homeowner experiences vary by race and ethnicity? Neighborhood differences between Hispanic and white homebuyers
Rocio Sanchez-Moyano, a senior researcher in community development, shares the findings of significant differences between Hispanic and white homebuyers—even when they had similar financial and demographic profiles and bought homes of the same value in the same metro areas.

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How do economic cycles affect groups of workers differently?
Racial differences in the socioeconomic outcomes of the US population are often obscured by aggregate statistics. Unemployment rates vary significantly between groups based on gender and race or ethnicity, and have different sensitivities to the business cycle, according to research by Evgeniya Duzhak, SF Fed regional policy economist. Focusing on unemployment rates by demographic group shows that black and Hispanic workers, especially men, are most sensitive to periods of economic growth and decline.

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The economic gains from equity
Inequalities that limit the full potential of people of color carry real economic costs for every American. Eliminating racial and ethnic disparities in the labor market — which are particularly wide between whites and their Hispanic counterparts — would result in an overall gain in US GDP of $2.6 trillion in 2019.

How do racial and gender differences limit the full potential of your state’s economy?
Imagine if there were no racial and gender differences in your state. What would be gained? We invite you to explore this question in a new interactive data simulation from Fed Communities, a project that amplifies the Fed’s work in low- and middle-income communities and other underserved areas across the United States

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Mothers in a pandemic labor market
COVID-19 disrupted all aspects of life and led to sharp declines in labor force participation across gender, race and ethnic groups. Mothers experienced larger and longer-lasting declines than fathers, and black mothers’ and Hispanic mothers’ participation rates were among the hardest-hit.


September 27, 2022 – Idaho Rural Success Summit

October 12, 2022 – Economic Symposium of the Centro – Latinos in Oregon: Corazón de la Economía

Other Resources

Federal Reserve Bank research

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