Strong U.S. labor market drives record remittances to Mexico
Abstract: Remittances from the U.S. to Mexico reached a record $55.9 billion in 2022. Strong employment in the U.S. construction sector—a leading employer of Mexican migrants—best explains the recent growth of remittances to Mexico.
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Provider: Federal Reserve Bank of Dallas
Part of Series: Southwest Economy
Publication Date: 2023-10-20