In 1994, 10 years after the first issue of Hispanic Engineer was published, the Hispanic labor force numbered nearly 12 million.
By 2004, this number had increased to 19.3 million; and by 2014, it had reached 25.4 million, showcasing the rapid growth of the Hispanic labor force.
Hispanics comprised 16.8 percent of the labor force in 2016, roughly triple the 9 million in 1988.
In 2020, the industries with the highest number of employees in Hispanic-owned employer businesses included accommodation and food services, health care and social assistance, construction, administrative and support services, waste management and remediation services, retail trade, and professional, scientific, and technical services.
The Bureau of Labor Statistics (BLS) projected that the share of Hispanics in the total labor force would reach 32.5 million by 2024.
According to the latest census data, the Hispanic population grew by over 11.6 million in the past decade, with individuals of Mexican, Puerto Rican, Salvadoran, Cuban, Dominican, Hispanic, Guatemalan, Colombian, and Honduran descent increasing in number.
As of July 1, 2023, the Hispanic population of the United States was 65.2 million, making it the nation’s largest racial or ethnic minority — 19.5% of the total population.
The 2024 LDC Comprehensive Handbook on U.S. Latinos, a report by the Latino Donor Collaborative (LDC) and sponsored by Capital One, provides a holistic view of the largest minority group in the U.S.
According to the handbook, Latinos represent nearly 20% of the population and 25% of the youth under 18.
In addition to economic insights, the report delves into Latinos’ rising educational achievements, particularly in engineering and technology fields.
From 2010 to 2021, the number of engineering degrees awarded to U.S. Latinos surged by 94.3%, a testament to their increasing influence in STEM fields and a promising sign for the future of diversity in these sectors.
The handbook also explores Latinos’ significant participation in the U.S. labor force.
They account for 19% of the workforce and are expected to make up 78% of net new workers entering the labor market over the next decade.
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