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A Statistical Portrait of Hispanics at Mid-Decade
The 2005 ACS is designed to provide estimates of the size and characteristics of the population residing in households.
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Mexican - 63.9%
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Puerto Rican - 9.1%
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Cuban - 3.5%
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Dominican - 2.7%
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Guatemalan - 1.9%
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Honduran - 1.1%
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Nicaraguan - 0.7%
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Date: 9/28/2006
Pew Hispanic Center: Hispanic Unemployment Reaches A Historic Low of 5.2%
The Hispanic unemployment rate reached a historic low of 5.2% in the second quarter of 2006. Wages for Latino workers also rose between the second quarters of 2005 and 2006, and at a faster rate than for other workers. The healthy job market for Latinos has been driven by the construction industry.
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Construction added nearly a half a million jobs alone between the second quarters of 2005 and 2006, the majority of them filled by foreign-born Latinos.
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Since the jobs recovery began in 2003, nearly 1 million Latinos have found jobs in construction, accounting for about 40% of all new jobs gained by Hispanics.
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The construction sector, however, is showing signs of a slowdown, and that could have an impact on Latino employment.
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Date: 9/27/2006
Demographics: The Top 20% of U.S. Households by Income Collectively Spend More Than the Bottom 60% on Goods and Services
LOS ANGELES (AdAge.com) -- The top 20% of U.S. households by income collectively spend more than the bottom 60% on goods and services. The richest 20% of households, feeding on the rapidly escalating value of their homes, accounted for 41% of the increase in spending that brought the country out of the 2001 recession. That means the top fifth of households do nearly 40% of the nation's consumer spending.
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Date: 9/26/2006
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