Hispanic Americans Are Prospering Under President Trump’s Administration

Hispanic Americans Are Prospering Under President Trump’s Administration
February 5, 2020 Comments Off on Hispanic Americans Are Prospering Under President Trump’s Administration Press Releases, Trump, White House RNHA NEWS

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.
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