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New Report Shows That Many Recent Immigrants Are Educated, Employed but Seek Better Jobs

ACAPULCO, Mexico – Like the weather in this booming resort, Mexico's economy is hot. The government is awash in oil profits. Exports are at record levels. The stock market index has almost doubled in the last two years. Unemployment is at 3.3 percent.

  • More and more Mexicans who immigrate to the U.S. are employed urban dwellers with high school diplomas and even some college experience who are looking for better prospects, studies in both countries show.
    • Studies support the suggestion that many Mexican immigrants in the U.S were motivated to leave their country by a desire not just for employment, but for better jobs and mobility:
    • Only 5 percent of Mexican workers who had been in the U.S. for two years or less were unemployed before they left Mexico, according to a 2005 survey by the Washington-based Pew Hispanic Center.
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Date: 6/6/2006


Univ of NC Study: Hispanic Workers Filled One-third of All Jobs Created in North Carolina During the Past Decade

The total Hispanic/Latino population in North Carolina was 506,206 in 2004, with approximately 350,000 residents from Mexico. There are now about 600,000 Hispanics in North Carolina (55% here legally; 45% are undocumented).

  • Hispanic workers filled one-third of all jobs created in North Carolina during the past decade.
  • It's estimated that the number of Hispanic residents in North Carolina has jumped roughly a third since 2000, to more than seven percent of the state's total population.
  • Hispanic residents contribute about $9.2 billion a year to the state's economy, and businesses chasing the money they spend employed 89,900 workers in 2004.
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Date: 6/6/2006


Growth of Hispanic-Owned Businesses Triples the National Average

The nearly 1.6 million Hispanic-owned businesses generated nearly $222 billion in revenue, up 19 percent from 1997.

  • In 2002, nearly 3-in-10 Hispanic-owned firms operated in construction and other services, such as personal services, and repair and maintenance.
  • In 2002, firms owned by people of Mexican origin accounted for more than 44 percent of all Hispanic-owned firms.
  • There were 1,510 Hispanic-owned firms with 100 employees or more, generating more than $42 billion in gross receipts.  

 Download PowerPoint® slides 

Survey of Business Owners: Hispanic-Owned Firms: 2002 

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Date: 3/21/2006


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