July 2, 2012
FOR IMMEDIATE RELEASE
CONTACT: Sharon Kayne, Communications Director, NM Voices for Children, 505-244-9505
ALBUQUERQUE—The unemployment rate for Hispanics in Albuquerque is more than double the rate for Whites. That’s according to a report released today by the Economic Policy Institute (EPI). The report looks at unemployment rates for Hispanics in 25 metropolitan areas, including Albuquerque.
According to the EPI report, the unemployment rate for Hispanics in Albuquerque was 11.3 percent in 2011. That was up from 9.3 percent in 2010. Albuquerque had the highest ratio of Hispanic-to-White unemployment of all the metro areas. For every White worker who is unemployed, 2.5 Hispanic workers are out of jobs.
“There are several factors at play here. First, the construction sector lost the most jobs after the housing bubble burst, and there was a high concentration of Hispanics in that sector,” said Gerry Bradley, Research Director at New Mexico Voices for Children. “Also, the Hispanic population in New Mexico is younger than the White population overall, so they tend not to have as much seniority at their jobs and generally have lower levels of education than Whites,” he said.
“This report shows the need to improve educational opportunities for Hispanics. The most effective way to do this is to start before children enter the K-12 school system so they are ready to learn when they begin school,” Bradley added.
The overall unemployment rate for May 2012 was 6.7 percent for the state and 6.8 percent for the Albuquerque metro area, according to the NM Department of Workforce Solutions.
The EPI report is available online at: http://www.epi.org/publication/ib336-hispanic-metropolitan-unemployment/
New Mexico Voices for Children is a nonpartisan, nonprofit organization advocating for policies to improve the health and well-being of New Mexico’s children, families and communities.
2340 Alamo SE, Suite 120, Albuquerque, NM 87106-3523; 505-244-9505 (p); www.nmvoices.org