Because of low educational levels, a disproportionately high unemployment rate, and low earnings, Hispanics hold a precarious position in the labor market. The low level of educational attainment in the Hispanic community is the single most important determinant in lack of success. Hispanic men are underrepresented in managerial/professional occupations and overrepresented in categories of operators/fabricators and laborers. In addition to low earnings, unemployment and underemployment remain chronic problems among Hispanics, causing poverty to remain a serious problem. Unemployment has been and will continue to be a key item on the nation's public policy agenda for coming years. Policies of the Federal government which address the educational and employment crisis faced by Hispanics are examined in this document, especially the Comprehensive Employment and Training Act and the Job Training Partnership Act. Employment and training policies must address hard-core structural unemployment, the unemployment level which never disappears despite progress made during an economic recovery. To enable Hispanics and other minority groups to make their full contribution in the future and ensure a trained work force which can meet the future demands of the U.S. economy, human investment partnerships must develop to include public, private, and community sectors. Tables and bar graphs are included. Bibliographic citations are provided in 27 endnotes and in a list of 10 additional employment and training resources. (LHW)