The U.S. housing market's troubles have spread to financial markets, and news reports have focused on broad indicators of Wall Street's distress, such as stock market indexes and interbank lending rates. However, the pinch on Main Street has been impacting low-wage workers for more than two years.

Immigrants have figured prominently in U.S. economic growth for decades, but the recent recession hit them hard. Immigrants’ labor market outcomes began deteriorating even before the recession was officially under way, largely as a result of the housing bust. An analysis of employment and...

Immigrants have figured prominently in U.S. economic growth for decades, but the recent recession hit them hard. Immigrantsﾒ labor market outcomes began deteriorating even before the recession was officially underway, largely as a result of the housing bust. An analysis of employment and...

Immigrants have figured prominently in U.S. economic growth for decades, but the recent recession hit them hard. Immigrants' labor market outcomes began deteriorating even before the recession was officially underway, largely as a result of the housing bust. An analysis of employment and...