MIGRATION AND BUSINESS CYCLES 
quarters, it rises with the curve for United States factory employ- 
ment in 1901 and 1902, falls with it in the latter part of 1903 and 
most of 1904, and exhibits a general upward tendency in common 
with it after 1904 until checked by the depression of 1908. 
CHART 45° 
Ses) T= == 1 = TO == 
oa o—o Emigration. from Germany 
EM «--+ Labor Market in Germany (Ret of jabs to applicants) | 
+e Factory Employment in the United States 
42.0 | - = 
LABOR MARKET- 
GERMANY! 
Aas lo ~ 
\ tp 
05 . ! fs 
% \ / f 
B" | 
US EMPUOEEN] 
—oN 
| ¥ 
. Us. HINES) 
) |80R iid i | 
ols Ba a 
I 
QUARTERLY CYCLES IN EMIGRATION FROM GERMANY 
AND iN EMPLOYMENT CONDITIONS IN GERMANY 
5 | AND THE UNITED STATES 
Unit = One Standard Deviation 
|_____ Unit=0One Standard Deviation 
[Al 
TAO fy] | 7902 | 1905 | 1904 | 1905 | 1906 | 1907 [505 ] 
sThe numerical data for the German series are in Table 51; the quarterly cycles for 
A employment in the United States are averages of the monthly cycles in Appendix 
aple Vv. 
Emigration from Germany to Countries other than the United 
States. 
The official recorded emigration from Germany to countries 
other than the United States from 1870 to 1913 was relatively 
small, exceeding ten thousand persons only in a few years, and 
constituting as a rule less than twenty per cent of total emigration.: 
18K aiserliches Statistisches Amt, Vierteljahreshefte zur Statistik des Deutschen Reichs, 
total emigration from principal ports of departure. 
194 
Lz. 
“2. 
3.0