Hispanic Americans Are Prospering Under President Trump’s Administration

President Trump’s pro-growth policies have led to record low unemployment for Hispanic Americans.

• The Hispanic unemployment rate has fallen to a record low of 3.9%.
  • The Hispanic unemployment rate has remained under 5% for the past 21 months.
  • The Hispanic unemployment rate has fallen below 5% 22 times since President Trump took office, something that had only happened once prior to 2017.
• Since President Trump’s election, the number of Hispanic Americans employed has risen by 2.4 million.
• Hispanic women are winning in the Trump economy.
  • The unemployment rate for Hispanic women fell to a record low of 3.6% earlier in 2019. 
  • More than 1 million Latinas have entered the workforce since President Trump’s election.

Hispanic families are prospering as incomes rise and poverty falls.

• Median income for Hispanic households has reached a historic high under President Trump, surpassing $50,000 for the first time on record.
  • The percentage of Hispanic households with an income over $200,000 reached a record high in 2018.
• The poverty rate for Hispanic Americans reached the lowest level on record in 2018.
  • Nearly 300,000 Hispanic Americans were lifted out of poverty in 2018.
  • The gap between the poverty rate for Hispanic Americans and the overall poverty rate in the United States is the smallest it has ever been.

Hispanic-owned business are thriving and expanding at an incredible pace.

• Three-quarters of Hispanic-owned small businesses expect their revenue to grow over the next year, according to a March 2019 survey by Bank of America.
• 87% percent of Hispanic-owned small businesses plan to expand their operations. 
• More than half of all Hispanic-owned small businesses plan to hire more workers.