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Tuesday, May 26, 2015

Unemployment Rate Dropped for Foreign-Born Workers in 2014

The unemployment rate for foreign-born workers in the U.S. fell to 5.6% in 2014 from 6.9% in 2013, the Bureau of Labor Statistics reported Thursday, reflecting the overall firming up of the labor market last year.

The unemployment rate for the native-born fell to 6.3% last year from 7.5% in 2013.

Since 2009, when the national unemployment rate peaked, joblessness among foreign-born workers has fallen by 4.1 percentage points. The drop was 2.9 percentage points for the native born.

The report is compiled annually from the Current Population Survey. Foreign-born workers are those living in the U.S. who were not U.S. citizens at birth and who were born outside the country to parents who were not themselves U.S. citizens, according to the BLS.

The number of foreign-born workers kept rising. Last year, there were 25.7 million in the U.S., up from 25.3 million in 2013. They accounted for 16.5% of the labor force in 2014, up from 16.3% the year before and 15.5% in 2009, the year the recovery began.

The foreign-born worker labor-force participation rate—the share aged 16 and older working or looking for work–was 66.0% in 2014, higher than the native-born rate of 62.3%. Foreign-born workers are more likely than native-born workers to be male and more likely to be between the ages of 25 to 54, ages when the participation rate is highest, according to the BLS.

About 48.3% of the foreign-born workers in 2014 were Hispanic and 24.1% of them were Asian last year, according to BLS. The composition of foreign workers has shifted since 2009, with Hispanics’ share decreasing and Asians’ rising.

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1 comment:

Anonymous said...

Lots and lots of money to be made by the NAACP and other black groups keeping blacks down. Every time one of those EBT cards swiped, it lines the pockets of the bankers.
The NAACP the house slaves to the slave masters who are those making money off keeping blacks in poverty. The NAACP not educated enough to see this and even if they did they don't have the guts to go against their masters.