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Trump targets DEI and civil service protections, striking fear in some federal workers; WA bill would expand automatic voter registration; Iowa farmers on board with corn-based jet fuel; New wildfire near Los Angeles explodes to 8,000 acres, forces evacuations; ND back on familiar ground in debating ballot-question threshold.

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Trump's pardons of January 6th participants spark mixed reactions, federal DEI suspensions raise equity concerns, diversity in medicine faces challenges post-affirmative action and Citizens United continues to amplify big money in politics.

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Winter blues? Alaskans cure theirs at the Cordova Iceworm Festival, Trump's energy plans will impact rural folks, legislation in Virginia aims to ensure rural communities get adequate EV charging stations, and a retreat for BIPOC women earns rave reviews.

Report: Latinos in AZ are an economic powerhouse

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Monday, October 14, 2024   

Latinos in Arizona are an economic powerhouse, according to a new report. It shows the United States gross domestic product for Latinos was more than $3.6 trillion in 2022. To put it into perspective, as a standalone economy, it would be the fifth largest in the world.

A Latino Data Collaborative report showed the significant and influential economic contributions made by U.S. Latinos, who account for just under 20% of the nation's population. For Arizona, the number jumps to more than 30%.

José Jurado, research economist at Arizona State University and a contributor to the report, said among the 10 largest Latino economies in the U.S., Arizona has the third-largest Latino contribution to its GDP growth.

"It's important to notice that this growth is really coming from three pillars," Jurado explained. "The first one is education, the second one is a youthful population that is growing and rapidly joining the labor force and the third one is entrepreneurship."

The report found educational attainment among Latinos is on the rise. Between 2010 and 2022, the number of Latinos with at least a bachelor's degree rose almost 5%. While the U.S. economy saw a decrease of about 673,000 working-age people between 2021 and 2022, Latinos added 725,000 individuals to the pool.

Jurado contended the U.S. economy is clearly reliant on Latinos, as many not only contribute as employees but also play a vital role as entrepreneurs.

Latinos in Arizona have added more than $31 billion to the state's economy between 2017 and 2022, with manufacturing being a key driver. Jurado emphasized industry has noticed and is tapping into Arizona's economic vitality.

"My suspicion is that this growth is being concentrated," Jurado observed. "To some extent in the states in the southwest that are receiving a lot of investment from companies such as TSMC here in Arizona."

Jurado said current trends show Latinos in Arizona and across the country will be responsible for further sustained economic growth in the future.

Disclosure: Arizona State University Media Relations and Strategic Communications contributes to our fund for reporting on Education, Native American Issues, and Social Justice. If you would like to help support news in the public interest, click here.


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