The Latino workforce will grow, significantly, over the next eight years. While the growth of the labor force is slowing in general, the Latino workforce, according to PEW Research Center Demographic Trends, is growing. Check out my video on this same topic here.
Latino talent is expected to comprise 18.6% by 2020. Currently, Latinos comprise almost 15% of the U.S. force. Based on BLS data:
From 2010 to 2020, Hispanics are expected to add 7.7 million workers to the labor force while the number of non-Hispanic whites in the labor force is projected to decrease by 1.6 million.
Consequently, Hispanics will account for the vast majority—74%—of the 10.5 million workers added to the labor force from 2010 to 2020. That share is higher than in the previous two decades. Hispanics accounted for 36% of the total increase in the labor force from 1990 to 2000 and for 54% from 2000 to 2010.
Is your organization ready for the new workforce?
Graphic via PEW