Which group of Latino or Hispanic Americans experienced the greatest change in unemployment?
Answer (2)
Calculate the change in unemployment rate for Mexicans: 11.7% − 3.4% = 8.3% .
Calculate the change in unemployment rate for Puerto Ricans: 9.4% − 9.9% = − 0.5% .
Calculate the change in unemployment rate for Cubans: 9.4% − 9.0% = 0.4% .
The greatest change in unemployment rate was experienced by Mexicans: M e x i c an s .
Explanation
Calculate the change in unemployment rate First, let's calculate the change in unemployment rate for each group from 2019 to 2020. This will tell us how much the unemployment rate increased or decreased for each group.
Calculate change for Mexicans The change in unemployment rate for Mexicans is calculated as follows: Change in unemployment rate (Mexicans) = Unemployment rate (Mexicans, 2020) − Unemployment rate (Mexicans, 2019) Change in unemployment rate (Mexicans) = 11.7% − 3.4% = 8.3% So, the unemployment rate for Mexicans increased by 8.3%.
Calculate change for Puerto Ricans Next, let's calculate the change in unemployment rate for Puerto Ricans: Change in unemployment rate (Puerto Ricans) = Unemployment rate (Puerto Ricans, 2020) − Unemployment rate (Puerto Ricans, 2019) Change in unemployment rate (Puerto Ricans) = 9.4% − 9.9% = − 0.5% The unemployment rate for Puerto Ricans decreased by 0.5%.
Calculate change for Cubans Now, let's calculate the change in unemployment rate for Cubans: Change in unemployment rate (Cubans) = Unemployment rate (Cubans, 2020) − Unemployment rate (Cubans, 2019) Change in unemployment rate (Cubans) = 9.4% − 9.0% = 0.4% The unemployment rate for Cubans increased by 0.4%.
Compare the changes Now, we compare the absolute values of the changes in unemployment rates for each group:
Mexicans: ∣8.3%∣ = 8.3%
Puerto Ricans: ∣ − 0.5%∣ = 0.5%
Cubans: ∣0.4%∣ = 0.4%
Comparing these values, we see that the largest change in unemployment rate is 8.3%, which occurred for Mexicans.
Final Answer Therefore, the group of Latino or Hispanic Americans that experienced the greatest change in unemployment from 2019 to 2020 is Mexicans.
Examples
Understanding changes in unemployment rates within specific communities helps policymakers and economists tailor support and intervention programs more effectively. For example, if one group experiences a significant increase in unemployment, targeted job training or financial assistance programs can be implemented to address their specific needs. This analysis provides valuable insights for creating policies that promote economic stability and opportunity for all segments of the population.
The group of Latino or Hispanic Americans that experienced the greatest change in unemployment from 2019 to 2020 is Mexicans, with an increase of 8.3%. In contrast, Puerto Ricans saw a decrease of 0.5%, while Cubans had a slight increase of 0.4%. Therefore, Mexicans had the most significant change in their unemployment rate.
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