Housing slump key to rising Hispanic unemployment
http://boztopia.com/?p=147Arlington VA, classism, David Alpert, DHS, Edmundo Rocha, George W. Bush, Greater Greater Washington, Hispanics, housing, ICE, identity theft, illegal immigration, immigration, John McCain, McMansions, NIMBYism, racism, Scholars & Rogues, sexism, Spanish Inquisition, Tom Tancredo, unemploymenthttp://boztopia.com/?p=147#comments
Like the Spanish Inquisition, no one expected this, but they should have:
The slump in the construction industry has hit Hispanics especially hard, causing “a dramatic reversal” in their economic gains as more become jobless while wages continue to drop, according to a study of labor statistics released today. The Pew Hispanic Center, a non-partisan research group in Washington, D.C., found that the jobless rate for Hispanics rose to 6.5 percent during the first quarter of 2008. That’s compared to 4.7 percent unemployment rate for the rest of the country’s population. The national study found that Latinos were hurt by the same housing and construction boom that is credited with helping them improve their earnings and employment levels.
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Like the Spanish Inquisition, no one expected this, but they should have:
The slump in the construction industry has hit Hispanics especially hard, causing “a dramatic reversal” in their economic gains as more become jobless while wages continue to drop, according to a study of labor statistics released today. The Pew Hispanic Center, a non-partisan research group in Washington, D.C., found that the jobless rate for Hispanics rose to 6.5 percent during the first quarter of 2008. That’s compared to 4.7 percent unemployment rate for the rest of the country’s population. The national study found that Latinos were hurt by the same housing and construction boom that is credited with helping them improve their earnings and employment levels.
Read the rest of this entry »