With 31% of the population of District 12, Latinos are a significant part of the district’s economy and the overall US economy. The economic contribution of the Latino community to our country is enormous, far-reaching and rapidly growing.
At the San Francisco Fed, we research and share what we learn about the economic impact of the Latinx community as part of our commitment to equity. Because equity affects economic output, it is a core part of our Congressionally mandated mandate to promote a healthy and sustainable economy and support our nation’s financial and payment systems.
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Recent research
How Do Homeowner Experiences Vary by Race and Ethnicity? Regional Differences Between Hispanic and White Homebuyers
Rocio Sanchez-Moyano, a senior fellow in community development, shares findings that show significant differences between Hispanic and white homebuyers. This is even if they have similar economic and demographic profiles and are buying homes of the same value in the same metropolitan area.
How do business cycles affect worker groups differently?
Racial disparities in socioeconomic outcomes for the U.S. population are often hidden by aggregate statistics. Evgenia Duzak, a regional policy economist at the SF Fed, found that unemployment rates vary widely across groups by gender, race and ethnicity, as well as their sensitivity to business cycles. Looking at unemployment rates by demographic group, we find that black and Hispanic workers, especially men, are most sensitive to periods of economic growth and decline.
Economic profit from equity
The inequalities that maximally limit the potential of people of color are a real economic cost to all Americans. Eliminating racial and ethnic labor market disparities, particularly those between whites and Hispanics, would add her $2.6 trillion to U.S. GDP in 2019.
How are racial and gender gaps limiting your state’s economic potential?
Imagine if there were no racial or gender gaps in your state. What do you get? Explore this issue with a new interactive data simulation from Fed Communities. This project will expand the Fed’s efforts in low- and middle-income communities and other underserved areas across the United States.
Mothers in the Pandemic Labor Market
COVID-19 has disrupted every aspect of life, sharply reducing workforce participation across genders, races and ethnic groups. Mothers experienced a steeper and longer-lasting decline than fathers, with participation rates among black and Hispanic mothers being most affected.
event
September 27, 2022 – Idaho Regional Success Summit
October 12, 2022 – Centro Economic Symposium – Latinos in Oregon: Corazon de la Economia
Other resources
Federal Reserve Survey
External resource
