This implies that the Latino community grew 2.9% from 2023 to 2024
For the first time in history, one in five residents of the United States is of Latino origin, for a total of 68 million people, according to a report.
The study by the Latino GDP project from the University of California at Los Angeles (UCLA) and California Lutheran University released today found an annual increase of 2 million people of Latino origin by 2024.
The authors of the work analyzed updated data from the Census Bureau, which reports a total of 340 million inhabitants in the United States.
This implies that the Latino community grew 2.9% from 2023 to 2024, a rate equivalent to 5.8 times the increase in the population of other origins, the report’s authors detailed.
To explain the increase, the study pointed to “natural population change,” which results from subtracting deaths from births, implying a cumulative increase of 3.2 million Latinos from 2020 to 2024, compared to a reduction of 1.3 million people from other demographic groups over the same period.
“This is an extraordinary difference of 4.5 million people. Latinos have withstood the extraordinary challenges of the (COVID-19) pandemic and have been responsible for keeping the United States’ natural population change generally positive,” the report reads.
The investigation also noted a record 5.5% annual increase in the Latino workforce in 2024, to 35.1 million workers, which also represents a 46.5% increase since 2010, a growth rate 7.2 times faster than that of the rest of the population.
The labor force participation rate among Latinos also reached a record high of 69%.
“Time and time again, we see that hard work, self-confidence, optimism and perseverance are characteristics that underlie the strength and resilience of Latinos in the United States,” said Matthew Fienup, executive director of the Center for Economic Research and Forecasting at Cal Lutheran.
These conclusions follow another study carried out in April by Latino GDP, which revealed that the Gross Domestic Product (GDP) of Latinos in the United States reached a value of 4.1 trillion dollars, the fifth highest in the world, ahead of India.
But this study also comes after the revelation that the United States lost 1.4 million immigrants in the first six months of the Donald Trump administration, marking the first decline in the immigrant population since the 1960s, according to a Pew Research Center report in August.
