skip to main content
skip to newscasts

Saturday, November 23, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump suffers first defeat but as always doubles down for the next fight; From Ohio to Azerbaijan: How COP29 could shape local farming; Funding boosts 'green' projects in Meadville, PA; VA apprenticeships bridge skills gaps, offer career stability.

view newscast page
play newscast audioPlay

Trump has a new pick for Attorney General, his incoming "border czar" warns local Democratic officials not to impede mass deportation, and the House passes legislation that could target any nonprofit group accused of supporting terrorism.

view newscast page
play newscast audioPlay

The CDC has a new plan to improve the health of rural Americans, updated data could better prepare folks for flash floods like those that devastated Appalachia, and Native American Tribes could play a key role in the nation's energy future.

Report: Latinos in AZ are an economic powerhouse

play audio
Play

Monday, October 14, 2024   

Latinos in Arizona are an economic powerhouse, according to a new report. It shows the United States gross domestic product for Latinos was more than $3.6 trillion in 2022. To put it into perspective, as a standalone economy, it would be the fifth largest in the world.

A Latino Data Collaborative report showed the significant and influential economic contributions made by U.S. Latinos, who account for just under 20% of the nation's population. For Arizona, the number jumps to more than 30%.

José Jurado, research economist at Arizona State University and a contributor to the report, said among the 10 largest Latino economies in the U.S., Arizona has the third-largest Latino contribution to its GDP growth.

"It's important to notice that this growth is really coming from three pillars," Jurado explained. "The first one is education, the second one is a youthful population that is growing and rapidly joining the labor force and the third one is entrepreneurship."

The report found educational attainment among Latinos is on the rise. Between 2010 and 2022, the number of Latinos with at least a bachelor's degree rose almost 5%. While the U.S. economy saw a decrease of about 673,000 working-age people between 2021 and 2022, Latinos added 725,000 individuals to the pool.

Jurado contended the U.S. economy is clearly reliant on Latinos, as many not only contribute as employees but also play a vital role as entrepreneurs.

Latinos in Arizona have added more than $31 billion to the state's economy between 2017 and 2022, with manufacturing being a key driver. Jurado emphasized industry has noticed and is tapping into Arizona's economic vitality.

"My suspicion is that this growth is being concentrated," Jurado observed. "To some extent in the states in the southwest that are receiving a lot of investment from companies such as TSMC here in Arizona."

Jurado said current trends show Latinos in Arizona and across the country will be responsible for further sustained economic growth in the future.

Disclosure: Arizona State University Media Relations and Strategic Communications contributes to our fund for reporting on Education, Native American Issues, and Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
The smoking rate among adults in Maryland is 9.6%, much lower than the national average of 12.9%. (Adobe Stock)

Health and Wellness

play sound

A new report on lung cancer by the American Lung Association showed Maryland has quite a bit of room to improve diagnoses and treatment but experts sa…


Social Issues

play sound

La Niña is bringing a cooler, wetter winter to Oregon and likely driving up heating bills as systems work harder. This is the third year of …

Environment

play sound

The number of pedestrians and bicyclists killed on roadways in the U.S. has nearly doubled in the past 12 years and a New Mexico researcher wants to …


Social Issues

play sound

CLARIFICATION: We updated language to clarify the timing for when the study's authors began tracking certain outcome measures for children within the …

Health and Wellness

play sound

By Kyla Russell for WISH-TV.Broadcast version by Joe Ulery for Indiana News Service reporting for the WISH-TV-Free Press Indiana-Public News Service C…

Social Issues

play sound

A recent study from Florida Atlantic University highlights a concerning rise in alcohol-related deaths across the United States, with mortality rates …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021