The unemployment rate of immigrants fell to 8.1% in 2012, the same as the jobless level for people born in America. This marks the first time in several years that immigrants have not had a higher jobless rate.
As Congress debates immigration reform, the work experiences of those born outside this country grow in importance.
Still, the overall unemployment rate of immigrants masks differences between the races. Foreign-born whites, for instance, have a higher unemployment rate than their native-born counterparts. (The unemployment rates for both white immigrants and white natives are still below the overall average though.) But other immigrant groups are less likely to be unemployed than their peers born in America.
Immigrants, however, are more likely to be employed in lower-paying fields, such as service jobs, construction and maintenance. So their pay is lower than workers who were born here.
The vast majority of immigrant workers are Hispanic, followed by Asians, whites and blacks.
Though blacks' job prospects have improved from the depths of the Great Recession, they still suffer from disproportionately high unemployment.
Pegged to Black History Month, the U.S. Congress' Joint Economic Committee put out a stats sheet highlighting the gap. It takes longer, on average, for black workers for find a job, and even having a college degree doesn't help as much as it does for other job-seeking populations. The black unemployment rate MORETami Luhby - Feb 6, 2013 11:14 AM ET
By now, you have probably heard of the "feud" taking place between Federal Reserve chairman Ben Bernanke and Nobel-prize winning New York Times economic columnist Paul Krugman. And if you haven't, what the heck are you doing reading this blog?
Anyway, here's the lowdown in case you aren't up to speed. Krugman took Bernanke to task in a Sunday NYT magazine piece, criticizing Bernanke for not doing enough to tackle the MOREPaul R. La Monica - Apr 26, 2012 3:27 PM ET
Hispanics and Asians suffered a lower rate of job loss in the recession and enjoyed a faster rate of growth during the recovery than their black and white counterparts.
Hispanics experienced only a 2.4% loss in employment during the Great Recession, followed by a 6.5% gain during the recovery, according to a new report from the Pew Hispanic Center.
Asians had a similar experience, with a 2.8% job loss and a 6.8% MORETami Luhby - Mar 21, 2012 11:05 AM ET
Here's the latest way President Obama wants to help the unemployed.
The president is looking to give displaced workers $4,000 a year to pursue training in technical fields to land new jobs.
The grants are part of the latest jobs proposal unveiled by Obama Monday. Many of them have gone nowhere as Congress and the White House continue to fight over the best way to promote job creation.
The plan would provide additional MORETami Luhby - Mar 12, 2012 4:58 PM ET
Though employers are finally hiring again, it could take until 2020 to get employment back to pre-recession levels.
The new estimate of the jobs gap, released Monday by Brookings' Hamilton Project, is
based on a relatively rosy monthly job creation estimate of 208,000. (That's the average rate for 2005, which was the best year of job creation in the 2000s.)
While that may sound optimistic, job growth has been on a winning streak, MORETami Luhby - Mar 12, 2012 1:29 PM ET
The Department of Labor has asked Sandia National Laboratories to take a look at its data security procedures, including how the agency keeps the all-important monthly jobs report secret until its official release.
Yes -- the same Sandia National Laboratories that safeguards the nuclear arsenal of the United States.
The company's involvement was first reported by CNBC, and an agency official confirmed details to CNNMoney.
According to the official, the agency is now MORECharles Riley - Mar 8, 2012 3:43 PM ET
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