Santiago Solutions Group: Hispanic Employment Went Down 6 Points

For Multicultural segments, there has been a slightly decrease in their share of employment growth, according to Santiago Solutions Group (SSG) analyses of the Bureau of Labor Statistics latest job data. The study shows that 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 employed multicultural population has been growing from 28% in 2012 to 35% in 2017. But what is surprising – according to SSG- 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. So, it appears the current economy is working stronger for White Non-Hispanic than for Multicultural segments. The study also shows that 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.