The 2023 State of the Latino Workforce Report by LinkedIn found that the Latino workforce is growing at a rate of 3.4% per year, which is faster than the overall U.S. workforce growth rate of 2.3%. The report also found that Latinos are starting businesses at a rate that is 2.5 times higher than the national average.
The report attributed the growth of the Latino workforce to a number of factors, including the increasing number of Latinos entering the workforce, the growing number of Latinos with college degrees, and the increasing diversity of the U.S. economy.
The report also found that Latinos are increasingly starting their own businesses. The report found that there are now over 2 million Latino-owned businesses in the U.S., and that these businesses employ over 10 million people.
The report concluded that the Latino workforce is a growing and dynamic force in the U.S. economy. The report also found that Latinos are making significant contributions to the U.S. economy, and that they are playing an increasingly important role in the entrepreneurial ecosystem.
Here are some other key findings from the report:
- The Latino workforce is now the largest minority workforce in the U.S., with over 60 million Latinos in the workforce.
- Latinos are more likely to be self-employed than the overall U.S. workforce.
- Latinos are more likely to work in industries that are growing, such as healthcare and technology.
- Latinos are more likely to be bilingual, which gives them a competitive advantage in the workplace.
The report’s findings suggest that the Latino workforce is a valuable asset to the U.S. economy. Businesses that are able to attract and retain Latino workers will be well-positioned for success in the years to come.