Tied to the Business Cycle: How Immigrants Fare in Good and Bad Economic Times
Immigrants surpassed native-born workers in several key labor market outcomes from the mid-1990s through 2007, recording higher employment and lower jobless rates — but the trend was reversed with the onset of the current recession.
This report, which analyzes employment and unemployment patterns over the past 15 years and two recessions, shows that immigrant economic outcomes began deteriorating before the current recession officially began in December 2007, tracing immigrants' declining fortunes largely to the housing bust which began in 2006.
Orrenius, P. M. and Zavodny, M. (2009). Tied to the Business Cycle: How Immigrants Fare in Good and Bad Economic Times. Washington, D.C.: Migration Policy Institute.