INFLUENCE OF ECONOMIC CONDITIONS 183 
Through the first decade covered by this chart, the movement 
in emigration from the United Kingdom to the United States is 
frequently converse to the movement of employment in the United 
Kingdom. Thus from 1887 to 1889, inclusive, emigration is de- 
creasing and employment increasing; in the next three years, em- 
CHART 42 
QUARTERLY CYCLES OF EMPLOYMENT CONDITIONS AND OF IMMI- 
GRATION FROM THE UNITED KINGDOM TO THE UNITED STATES’ 
Unit= one standard deviation 
bl . 
2; oo rH ge, [B21 A 
= onl] Sr 
LU pried 3 ee 
o 
’ 5 
" [(87]88(8 19509697 3199 p00 0 («of OB uw re FE 
(3) Numerical Data in Table 43 and Appendix Table V. 
(8) Dat for 1838 and 1906 are incomplete. 
ployment declines and emigration increases. This inverse relation- 
ship is somewhat less obvious in the next succeeding years, although 
in the second half of 1904 an exceptionally high peak in the emi- 
gration movement from the United Kingdom coincides with the low 
point in the employment cycle. The sharp decline in the depression 
of 1908 is quite similar in the two series, and, aside from a tendency