Immigration News Blog
Tuesday, November 25, 2008
Mexican Remittances Fall As U.S. Jobs Are SlashedMexican Remittances Fall As U.S. Jobs Are Slashed
Mexicans working in the U.S. are being hit hard by the economic slowdown. That is hurting their home country, as remittances are Mexico's second-largest source of foreign currency. Officials are planning for a wave of reverse migration that could be in the millions, as U.S. jobs are slashed.
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