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Weakening U.S. Economy Hits Latinos Hardest

El Diario/La Presna, Posted: Aug 07, 2008

New York The weakening U.S. economy has hit Latinos hardest, resulting in more Latino unemployment and Latinos sending less money to their home countries, reports El Diaro/La Prensa newspaper. Experts attribute the unemployment spike to the decline in the construction industry. Latino income is also stagnant, says the news report: the average earnings amongst full time employed Latinos during the first quarter of 2008 was $520 per week and $10.77 per hour. These figures were similar in 2007, but the cost of living today is higher. The jobs available require more technical skills, says Jose Ortiz, labor specialist in the New York City Department of Employment, and Latinos need training to find these jobs.



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