Latino Unemployment up NBC-WSJ Poll down despite Washington promises
Texas Insider Report: WASHINGTON D.C. While the Bureau of Labor Statistics (BLS) announced this morning that the national unemployment rate rose to 6.2 in July
at 7.8 the unemployment rate for Latinos was much higher. For Hispanics the unemployment rate is rising and
more Latinos are leaving the workforce than are entering.
But even more frustrating
is
the fact that the president no longer seems to be trying said Daniel Garza (right) Executive Director of The LIBRE Initiative.
So far the president has offered little more than speeches and old failed ideas.
He has seemed either unable or unwilling to work with Congress on a plan to limit spending curb regulation and get government out of the way of entrepreneurs and real economic growth said Garza.
If he is truly out of ideas it is time for a new approach.
Latinos labor participation rate last month fell to 65.9. The so-called real unemployment rate - which includes discouraged workers and those forced to accept part-time work - is closer to 18 for all workers.
For Hispanics the news is worse. The Hispanic unemployment rate is rising - and for Hispanic millenials its close to 10 said Garza of The LIBRE Initiative.
This June there were an additional 30000 unemployed Hispanics for a total of nearly 2 million and another 1.6 million were forced into part-time work.
This is an unbalanced recovery - one that too many Americans are not experiencing. Its time for government to get out of the way of real economic growth.
NBC/WSJ Poll: Hispanic Support for President Collapses
And according to
a recent NBC News/Wall Street Journal poll - released in mid-June:
- Approval of President Obama has fallen by 23 among Latinos since January 2013.
- Overall the poll shows dissatisfaction among all Americans with the job the president is doing - with just 41 approving of his performance in office.
- A full 54 say that he cant lead or get things done.
The collapse of support among Latinos should come as no surprise as previous polls show the same frustration.
The new health care law is deeply unpopular among Latinos - as illustrated by surveys in
Colorado and
Texas among others.
And other leading pollsters
have also found support for the president among Latinos collapsing.
As a candidate for office in 2008 President Obama made many promises. He vowed to:
- Tackle immigration reform
- to cut wasteful federal spending
- to get the economy moving again
- to restore respect for the United States abroad and
- to bring down the cost of health care in America.
None of these has come true and Hispanics like all Americans have taken notice said Garza (right).
But even more frustrating is the fact that the president no longer seems to be trying. While working families live paycheck to paycheck and hope for things to get better they see the same old partisan games in Washington.
If the president is unwilling to lead on cutting spending reducing deficits and bringing down the cost of essentials like education food gas and health care then things are not going to get better Garza said.
Its this inaction that has left so many Americans disillusioned and disappointed.
In fact the number of jobs added in the last month closely tracks the number of newly unemployed - showing the economy continues to make little progress toward creating economic opportunity for struggling families.
This all comes against the backdrop of an increasing number of
mass layoffs by large companies.
Poll Shows Economy is Top Priority for Latinos
According to a poll released in late June the priority issue for Latino voters remains the nations economy.
The survey -
by Latino Decisions - reports that:
- Only 37 of Latinos say their financial situation has gotten better over the last 5 years
- 25 say it has gotten worse.
- 53 are very or somewhat concerned that someone in their household will lose their job and face unemployment.
- 50 say in the last year they worried they would not have enough to pay their monthly bills on multiple occasions.
Despite these negative sentiments about the weak economy Latinos remain very upbeat about the American Dream - with more than 70 saying that they have reached it or will do so during their lifetime.
It shouldnt come as any surprise that the top priority for Americas Latino community is fixing this bad economy. Good jobs are hard to find and wages are not growing.
Millions of young Hispanic workers are suffering under high college debt and uncertainty about their future - and they cannot find work that allows them to develop their skills and build their own American dream
said Garza following release of that poll.
Latinos will find little to like in todays unemployment report. More are dropping out of the workforce and many are accepting part-time work because there are no full-time positions available.
Too many are being told that this is the best America can do. But we know differently said Garza.
Millions of Latinos understand that if elected officials rein in government taxes regulation and interference entrepreneurs and workers can revive the dynamic growth engine that has always driven this nation.
It is time for those in Washington to work across the aisle on just such an agenda he added.