Last week, we highlighted some recent shifts in Hispanic Adult Millennial employment that Tr3s has discovered in preliminary work for its 2014 study, which will focus on Hispanics 18-34 and their relationships to work and play. This week, we have some additional work-related trends on how Hispanics are faring in average number of hours worked, individual and household income, and frequency of job changes. Here are those findings:

Hispanics 18-34 who are employed have lost more work hours than non-Hispanics since the recession began. 

  • Bilinguals lost the most hours, averaging 3 hours less of work each week than five years ago (36 hours a week in 2008, declining steadily 2009 to 2011, and from 2011 to 2013 has remained at 33 hours)
  • Foreign-born Hispanic Adult Millennials are averaging 2 hours less per week than in 2008 (36 hours in 2008, 34 hours in 2013)
  • Third generation Hispanic Adult Millennials are also averaging 2 hours less (35 hours a week in 2008, 33 hours in 2013)
  • Non-Hispanics 18-34 experienced less of a decline, averaging 37 hours a week five years ago and 36 hours in 2013

Foreign-born and bilingual Hispanic Adult Millennials have experienced declines in individual income, while non-Hispanics’ incomes have recovered.

  • Foreign-born 18-34s have the lowest mean incomes among the groups examined, and they’ve had a 12% decline in pay since 2008 (from $24,000 in 2008 to $21,000 in 2013)
  • Bilingual and third-generation Hispanic Adult Millennials both averaged $25,000 a year in 2013 – bilingual pay has declined from $29,000 in 2008, while third-generation income is slightly above its 2008 level ($24,000)
  • Non-Hispanic 18-34s averaged $35,000 in 2008, experienced pay declines in 2011 and 2012 (to $32,000 and $33,000, respectively), and returned to $35,000 in 2013

Among 18-34s, Hispanic and non-Hispanics experienced household income declines – though bilinguals had the most stability (likely because 45% stayed at home pooling incomes). 

  • Bilingual Hispanic Adult Millennials had less of a decline in household income than the other groups ($72,000 in 2008, $69,000 in 2013)
  • Third-generation 18-34s had comparable household incomes to bilinguals, but larger declines ($78,000 in 2008, $72,000 in 2013)
  • Foreign-born Hispanics 18-34 had the lowest household incomes, as well as a large income decline ($61,000 in 2008, $56,000 in 2013)
  • Non-Hispanic Adult Millennials had the highest incomes overall, but also experienced declines ($101,000 in 2008, $93,000 in 2013)

Hispanics 18-34 are changing jobs more frequently than older Hispanics, but less than their non-Hispanic cohorts.

  • Within the last year, 20% of Hispanics 18-34 have changed jobs – more than Hispanics 35-49 (15%) and 50-64 (8%), but less than non-Hispanics (26%)
  • Looking at just Hispanics 18-34, foreign-born and third-generation Hispanic Adult Millennials are much more likely than bilinguals to have been in their current job for 3 years or less (58% foreign-born, 61% third-generation, 50% bilinguals)