Fig. 2
From: First fired, first hired? Business cycles and immigrant labor market transitions
Seasonally adjusted monthly unemployment entry rates: matched CPS data, 1996–2013. Notes: Monthly unemployment entry rates are calculated by author using the matched CPS data. All data are seasonally adjusted. The sample consists of people aged 20–64 who are in the labor force for any two consecutive months. Shaded area represents recessions as reported by the National Bureau of Economic Research (NBER)