Hispanic optimism about the U.S. economy reaches new heights. Hispanics anticipate significant economic growth in the next six months, driving demand for MAJOR purchases.
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Hispanics are the 5th Largest GDP in the World! Did you know that if U.S. Latinos were their own country, their GDP would rank fifth globally, surpassing major economies like the UK, France, and India? This remarkable economic impact, detailed in a recent UCLA study, underscores the importance of engaging with the Hispanic market. Businesses that recognize and cater to this dynamic and growing demographic are positioned for significant opportunities. Don't let your business miss out! At Hispanic Radio Network, we're dedicated to helping you connect with this powerful market segment. Check out the graph below to see the impressive GDP comparison. https://lnkd.in/dKBGbyZT
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The power of US Latinx consumer, $3Trillion in economic output. But not only that, ABC shared through an UCLA research, “If we were a separate country ... [the U.S. Latino GDP would be] the world's 5th largest economy in the world with the second fastest growth rate of all the top 10 economies.” When thinking about your multicultural strategies, remember about the size and economic impact that US Latinx will drive. #multicultural #multiculturalads #advertising https://lnkd.in/eiNXr58a
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Unemployment by Race, Ethnicity for June, 2024 Implications 1. Black Population: - Significantly higher and more volatile unemployment rates for the Black population suggest underlying systemic issues, such as discrimination and lack of access to job opportunities, leading to economic instability within this community. - The peak of 6.40% in March 2024 might correlate with broader economic or policy changes affecting employment, such as anti-DEI efforts. - Data shows that black #unemployment is a lagging indicator of inflation. As the economy overheats (causing inflation to rise), black business expands at a faster rate. When the economy cools down to compensate for high inflation, black businesses begin to contract again. This trend is likely due to the post-pandemic easing. https://lnkd.in/eJmdrWGU Creative Investment Research, William Michael Cunningham, MA, MBA #Jobs #DEI #Employment #Houston
Unemployment by Race, Ethnicity for June, 2024.
impactinvesting.online
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The labor market continues to show strengths not seen in decades, with unemployment rates below the 4% threshold defined as “full employment” for the past two years. This strong labor market has shrunk the historic racial disparities in topline jobless rates. The African American unemployment rate is now roughly 1.5 times that of Whites, down from a long-term trend of roughly doubling the White unemployment rate. Follow our Race, Jobs and the Economy series for regular monthly updates on the shifting employment and wage figures that help drive the racial wealth gap.
Jobs and the Economy Archives » NCRC
ncrc.org
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Ok, we get it! Most if not all agree that things ain't great econmically today in the United States. But what about the future? Are Americans who were asked by Gallup in July 2024 more optimistic, pessimistic or indifferent about the future trend and direction of the United States economy? The previously cited and referenced July 2024 Gallup research also covers this subject and unfortunately, "few Americans Predict Economy Will Get Better" is their headline and conclusion. © Gallup, 2024. All Rights Reserved. Americans have also been consistently more negative than positive since May 2021 in their assessments of the economy’s trajectory. This month, seven in 10 Americans (70%) believe the economy is “getting worse,” while 24% say it is “getting better." This is slightly more negative than last month’s 26% “getting better” and 69% “getting worse” division of attitudes.
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Founder, Good Trouble Productions | Journalist, Entrepreneur, Foreign Affairs Strategist, Digital Content Creator, Host
🏡The Shrinking Middle Class in America: What’s Driving the Change? 🥶I used to joke, you've made it in America when you have a freezer in your garage just for your Costco haul. But the reality behind this humor reveals a more serious trend. The share of Americans who are part of the middle class has significantly declined over the past few decades. Pew Research Center cites, 61% of Americans lived in middle-class households in 1971. Fast forward to 2023, and that number has dropped to 51%. 📈What’s driving this economic shift? A survey conducted across 35 countries on six continents found that majorities in these nations believe #China has a substantial influence on their economic conditions.🇨🇳 💰Middle class countries felt that influence has grown in five years. Americans were most likely to feel China has a negative economic impact. 🌎Understanding the global factors at play is crucial. How do you see the influence of international dynamics on our local economies? Tell me in the the comments. https://lnkd.in/eTg4Ya_Z #EconomicTrends #MiddleClass #GlobalEconomy #ChinaInfluence #PewResearch #CostcoLife #foreignaffairs
Most People in 35 Countries Say China Has a Large Impact on Their National Economy
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So, there can't be any doubt that Americans are sour at best about the current state of the anemic economy in the United States. But what about the future? Are they equally pessimistic, or more upbeat about the near-term prospects for the economy and their own bottom line? As it turns out, they are even less optimistic and more down on the near term future of the economy than they are today. As Gallup noted "Americans have been consistently more negative than positive in their assessments of the economy’s trajectory since May 2021. The May 2024 survey finds that seven in 10 Americans (70%) say the economy is “getting worse,” while 26% say it is “getting better." Source: © Gallup, 2024. All Rights Reserved. So, let's review the math. Only 22% said things are excellent, and 70% now say things are likely to get worse. This almost guarantees lower overall positive karma for the economy in the near future.
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Does this make sense? A healthy capitalist economy depends upon demand growth. The USA will have an overall increasing population for many years because of immigration (not mentioned in the article) unlike many other countries. However, the mere fact that production would be easier because of AI etc. if the population decreased wouldn't seem to work unless somehow profits could increase while demand decreases. Note that an increasing population, while good for the economy, is bad for the environment, since the best thing for the environment would be less people.
Here's why Americans having fewer kids won't doom the economy
businessinsider.com
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Why Americans are not happy with the economy? Recent polls reveal widespread dissatisfaction among Americans regarding the state of the economy. Various analysts attribute this sentiment to perceived biases or a lack of understanding among the populace. However, other alternative explanations exist. Here is one: The growth of the US economy in the last five years has been predominantly driven by two sectors: Professional & Technical Services, and Information. A proxy for tech and consulting. Despite comprising less than 9% of all jobs and contributing to only 13% of the GDP, these sectors have accounted for nearly half of the country's overall economic growth. In contrast, the remaining sectors of the economy have experienced considerably slower growth. The dominance of tech and consulting is geographically concentrated in the Pacific region and four major metropolitan areas: NYC, Chicago, Boston, and DC. Consequently, large swathes of the country have not substantially benefited from the growth in these sectors. This concentration has led to a pervasive feeling of exclusion among those residing outside these influential areas. Many feel as though they've been left out of the economic progress and would need to relocate to partake in the benefits, creating a sense of disconnect and exclusion. What do you think? Other explanations? Source: BEA #economy #elections2024 #tech #consulting #inequality
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The midyear economic update from NCRC sheds light on the stark realities of racial and job inequalities in today’s economy. Explore our findings and join us in advocating for meaningful change. #EconomicInequality #RacialWealthGap #JustEconomy
An Anxious Economy: A Mid-Year Race Jobs and the Economy Update » NCRC
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