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For Hispanics in U.S., a dream is going sour – (along with the economic downturn – dare I say ‘recession’)

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Posted on: May 13th, 2008
Filed Under: Blogante Business, Business, Essentials, Top Stories, Your Money
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“The economic downturn unfolding across the United States is imposing a particularly punishing toll on Hispanics, a group that was among the primary beneficiaries of the expansion in recent years. What had been a story of broad and steady advances has given way to growing joblessness, diminishing paychecks and lost homes.

The boom in American housing generated millions of new jobs for those willing to engage in physically demanding tasks, from factory work churning out floorboards, carpeting and upholstery, to landscaping, roofing and janitorial services. Latinos occupied widening swaths of these trades and filled large numbers of relatively high-paying construction jobs.

As a great influx of Latino immigrants spread beyond the initial entryways of the Southwest into smaller cities and towns across the South and the , many found employment doing much of the unpleasant work shunned by those with better prospects.”*

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