Report: Work in U.S. and Spain losing its appeal for Latin Americans

[Judi Lynn]

Source: Agence France-Presse

Report: Work in U.S. and Spain losing its appeal for Latin Americans
By Agence France-Presse
Thursday, January 17, 2013 16:19 EST

For Latin Americans seeking work abroad, traditional magnets like the United States and Spain are losing their appeal because of weak economies, said a report released Thursday.

Instead, more and more are looking to countries such as Canada, Japan, South Korea and Australia, according to the study by the Organization of American States.

In the case of Spain, just 550,000 Latin Americans emigrated there between 2008 and 2010, down 38 percent from 2005 to 2007. Spain is mired in recession, drowning in debt and saddled with an unemployment rate exceeding 25 percent.

In the US, the number of legal immigrants slipped by four percent over the same stretch, and the decrease was even more pronounced among those who lack proper residency papers, the study said.

Read more: http://www.rawstory.com/rs/2013/01/17/report-work-in-u-s-and-spain-losing-its-appeal-for-latin-americans/

[dipsydoodle]

1. Half a million went to Spain after 2008 up to 2010 ?

They just couldn't have realised that the financial collapse caused by the antics of US financial institutions had completely screwn Spains construction industry, the main source of employment there and taken down their banks too.