From left, University of Puerto Rico’s president, Dr. Luis A. Ferrao; UPR Carolina Chancellor José Ignacio Meza-Pereira; and Brad Dean, CEO of Discover Puerto Rico, applaud during the signing ceremony.
“At the height of the pandemic, Latinos were more likely to lose their jobs, more likely to work in front-line positions that increased their risk of exposure, and had among the highest mortality rates. Latino unemployment peaked at nearly 19% in 2020.
Over the pandemic and recovery, the median growth rate in revenues was 25% for Latino employers. From 2019 to 2022, median weekly earnings increased 2.4% for Latino workers after accounting for inflation. At the same time, Latino unemployment hit a record low last September.”