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Unemployment among Hispanics in the U.S. has soared since the recession hit because those workers are disproportionately employed in industries and regions hardest hit by the downturn, according to a congressional report released Wednesday.

Hispanic workers were more likely to be employed in the construction sector, which was pounded during the housing collapse, particularly in states including California, Florida and Nevada, which experienced the largest declines in housing prices and biggest increases in foreclosures.

"Not only were Hispanics a significant part of the industries hardest hit by the recession, but they have also been underrepresented in education and health activities — sectors that have experienced growth during the Great Recession," said Rep. Carolyn B. Maloney (D-N.Y.), chairwoman of Congress' Joint Economic Committee, which produced the report.

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Source:  Los Angeles Times
Author:  Clement Tan

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With the passing of Healthcare (added operating cost to businesses), the anticipated Cap & Trade bill (more added operating costs) and the administrations leanings towards not renewing the Bush tax cuts (more operating costs)...is it a wonder the economy is stalled?

Datapoints:
John Deere announced it's moving to India.
Catapillar is goiing to have to make some cost adjustments.
Verizon stated Healthcare costs from the new bill will add close to $1B in cost.

No one is hiring because they don't know what to expect and what the costs are going to be. The only sector that grew is Government, not the private sector. Not a good sign!

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