" Figure 1 " Gross Worker Flows into and out of Employment " " Percent of Working-Age Population " " Note: Nine-month centered moving average, seasonally " adjusted and Abowd-Zellner mean adjusted. " Source: U.S. Bureau of Labor Statistics, Current Population " Survey micro data " " Flows out of Flows into " Employment Employment " 1968:2 1.73913 1.79724 1968:3 1.74301 1.78433 1968:4 1.75032 1.77118 1968:5 1.76383 1.74950 1968:6 1.77105 1.74708 1968:7 1.77344 1.75110 1968:8 1.75592 1.77454 1968:9 1.74910 1.78648 1968:10 1.72874 1.78021 1968:11 1.73410 1.76598 1968:12 1.71060 1.75591 1969:1 1.70973 1.73494 1969:2 1.70029 1.74206 1969:3 1.70584 1.74844 1969:4 1.70656 1.74646 1969:5 1.72400 1.71640 1969:6 1.75583 1.73215 1969:7 1.76754 1.74043 1969:8 1.76650 1.77134 1969:9 1.76440 1.77973 1969:10 1.75132 1.77935 1969:11 1.76638 1.78541 1969:12 1.76001 1.79183 1970:1 1.76637 1.76474 1970:2 1.76220 1.76858 1970:3 1.77300 1.78210 1970:4 1.78915 1.78834 1970:5 1.79344 1.77767 1970:6 1.84268 1.82692 1970:7 1.84693 1.84375 1970:8 1.85845 1.86790 1970:9 1.84651 1.87912 1970:10 1.83929 1.89123 1970:11 1.84580 1.90918 1970:12 1.82398 1.89499 1971:1 1.81058 1.88704 1971:2 1.80468 1.87291 1971:3 1.78446 1.87450 1971:4 1.77966 1.87083 1971:5 1.77592 1.86503 1971:6 1.76533 1.84976 1971:7 1.75795 1.86103 1971:8 1.76639 1.88781 1971:9 1.74871 1.88172 1971:10 1.74794 1.88903 1971:11 1.75406 1.92979 1971:12 1.73218 1.87921 1972:1 1.72803 1.87974 1972:2 1.72675 1.87894 1972:3 1.74811 1.88724 1972:4 1.74794 1.88819 1972:5 1.75911 1.87440 1972:6 1.76459 1.86682 1972:7 1.77955 1.88655 1972:8 1.76022 1.86872 1972:9 1.76231 1.87390 1972:10 1.76469 1.89321 1972:11 1.74480 1.87653 1972:12 1.73621 1.86234 1973:1 1.74283 1.84487 1973:2 1.72939 1.85449 1973:3 1.73075 1.84785 1973:4 1.74268 1.84257 1973:5 1.74547 1.82681 1973:6 1.73574 1.84384 1973:7 1.74939 1.83884 1973:8 1.75016 1.83834 1973:9 1.74331 1.85332 1973:10 1.75483 1.88231 1973:11 1.74830 1.86264 1973:12 1.74966 1.84877 1974:1 1.74214 1.84797 1974:2 1.75438 1.85306 1974:3 1.76711 1.83788 1974:4 1.77381 1.84145 1974:5 1.78113 1.84213 1974:6 1.79911 1.84943 1974:7 1.83232 1.84473 1974:8 1.86092 1.83798 1974:9 1.92571 1.87570 1974:10 1.94454 1.86066 1974:11 1.96644 1.86577 1974:12 1.97912 1.87146 1975:1 1.98539 1.88365 1975:2 1.99527 1.89800 1975:3 2.00193 1.91668 1975:4 1.98485 1.94727 1975:5 1.96890 1.97146 1975:6 1.91782 1.97957 1975:7 1.89547 1.98205 1975:8 1.88465 1.99855 1975:9 1.86111 2.01137 1975:10 1.83421 1.97214 1975:11 1.81710 1.95621 1975:12 1.80839 1.94461 1976:1 1.77890 1.90172 1976:2 1.75874 1.87695 1976:3 1.76327 1.88607 1976:4 1.75473 1.89651 1976:5 1.75631 1.89793 1976:6 1.76109 1.88756 1976:7 1.76342 1.89706 1976:8 1.77610 1.92127 1976:9 1.75942 1.89743 1976:10 1.76460 1.89663 1976:11 1.75857 1.92517 1976:12 1.73911 1.91227 1977:1 1.73144 1.89825 1977:2 1.73126 1.90396 1977:3 1.73630 1.90340 1977:4 1.73033 1.90766 1977:5 1.73088 1.90318 1977:6 1.74135 1.91539 1977:7 1.72899 1.91176 1977:8 1.73877 1.90385 1977:9 1.74244 1.89010 1977:10 1.75353 1.90060 1977:11 1.73414 1.87286 1977:12 1.71529 1.88112 1978:1 1.70640 1.86417 1978:2 1.69646 1.87778 1978:3 1.70491 1.85871 1978:4 1.70616 1.86433 1978:5 1.72853 1.87629 1978:6 1.71483 1.86559 1978:7 1.71294 1.85839 1978:8 1.70249 1.84083 1978:9 1.70785 1.82430 1978:10 1.72275 1.82872 1978:11 1.71094 1.79453 1978:12 1.70316 1.78916 1979:1 1.71029 1.78697 1979:2 1.69502 1.78250 1979:3 1.70140 1.77853 1979:4 1.72218 1.77505 1979:5 1.73374 1.81162 1979:6 1.74798 1.80887 1979:7 1.76149 1.82866 1979:8 1.75677 1.82409 1979:9 1.75362 1.82581 1979:10 1.77175 1.83336 1979:11 1.76476 1.80556 1979:12 1.78270 1.79589 1980:1 1.79976 1.81515 1980:2 1.82184 1.80687 1980:3 1.83710 1.83239 1980:4 1.85348 1.85455 1980:5 1.87795 1.88754 1980:6 1.90270 1.93422 1980:7 1.88453 1.94243 1980:8 1.89158 1.96385 1980:9 1.87142 1.97451 1980:10 1.82955 1.94479 1980:11 1.81263 1.94579 1980:12 1.80676 1.95599 1981:1 1.78044 1.91778 1981:2 1.78439 1.88700 1981:3 1.77568 1.88842 1981:4 1.77859 1.86570 1981:5 1.79257 1.83856 1981:6 1.82682 1.86995 1981:7 1.84966 1.88557 1981:8 1.88773 1.87847 1981:9 1.89475 1.85513 1981:10 1.90251 1.85291 1981:11 1.91128 1.86719 1981:12 1.92721 1.84882 1982:1 1.93727 1.87272 1982:2 1.93223 1.88177 1982:3 1.94701 1.88434 1982:4 1.94104 1.89049 1982:5 1.94579 1.91412 1982:6 1.96131 1.91515 1982:7 1.96857 1.92199 1982:8 1.97075 1.93190 1982:9 1.94508 1.91960 1982:10 1.93526 1.89778 1982:11 1.91950 1.90633 1982:12 1.88318 1.89204 1983:1 1.87097 1.89402 1983:2 1.84533 1.91117 1983:3 1.81697 1.92647 1983:4 1.80577 1.93741 1983:5 1.80144 1.94788 1983:6 1.81241 1.94702 1983:7 1.80845 1.96826 1983:8 1.81782 1.97352 1983:9 1.80936 1.95594 1983:10 1.81409 1.95849 1983:11 1.79360 1.91400 1983:12 1.77499 1.88737 1984:1 1.75722 1.88045 1984:2 1.75475 1.87972 1984:3 1.75150 1.88228 1984:4 1.78963 1.88789 1984:5 1.76929 1.87007 1984:6 1.77810 1.86734 1984:7 1.78475 1.86948 1984:8 1.78319 1.86610 1984:9 1.80142 1.86756 1984:10 1.82964 1.88149 1984:11 1.81458 1.85724 1984:12 1.81376 1.85281 1985:1 1.81051 1.85543 1985:2 1.83718 1.85963 1985:3 1.84780 1.87215 1985:4 1.84993 1.87803 1985:5 1.85769 1.89091 1985:6 1.86479 1.89906 1985:7 1.85754 1.88209 1985:8 1.83929 1.86205 1985:9 1.83369 1.87734 1985:10 1.80394 1.83431 1985:11 1.78916 1.84133 1985:12 1.76567 1.82482 1986:1 1.76935 1.81886 1986:2 1.75734 1.81535 1986:3 1.74898 1.81338 1986:4 1.74940 1.82023 1986:5 1.76259 1.82041 1986:6 1.77428 1.81158 1986:7 1.77253 1.82949 1986:8 1.76862 1.83123 1986:9 1.76331 1.83431 1986:10 1.73506 1.80314 1986:11 1.73849 1.79581 1986:12 1.73930 1.80699 1987:1 1.71925 1.80016 1987:2 1.71028 1.80974 1987:3 1.69981 1.81583 1987:4 1.69147 1.80181 1987:5 1.68795 1.78036 1987:6 1.69794 1.79201 1987:7 1.70029 1.80624 1987:8 1.69584 1.80732 1987:9 1.68271 1.78133 1987:10 1.67818 1.77206 1987:11 1.67416 1.76228 1987:12 1.66796 1.76623 1988:1 1.67615 1.76636 1988:2 1.67157 1.79979 1988:3 1.65668 1.77674 1988:4 1.64265 1.76047 1988:5 1.65363 1.76220 1988:6 1.65749 1.75506 1988:7 1.65261 1.74697 1988:8 1.66729 1.75086 1988:9 1.64997 1.72252 1988:10 1.64759 1.73766 1988:11 1.64444 1.71156 1988:12 1.65520 1.69824 1989:1 1.66135 1.69862 1989:2 1.65268 1.70279 1989:3 1.64874 1.70397 1989:4 1.63908 1.69828 1989:5 1.64981 1.71008 1989:6 1.65952 1.70640 1989:7 1.67369 1.71693 1989:8 1.66892 1.70418 1989:9 1.66478 1.72495 1989:10 1.68754 1.75962 1989:11 1.69197 1.75047 1989:12 1.70250 1.74211 1990:1 1.71209 1.74812 1990:2 1.70173 1.74992 1990:3 1.70178 1.74285 1990:4 1.69636 1.73140 1990:5 1.68596 1.71887 1990:6 1.69171 1.71167 1990:7 1.69633 1.69358 1990:8 1.67964 1.68916 1990:9 1.68395 1.69176 1990:10 1.70982 1.71280 1990:11 1.71861 1.70330 1990:12 1.71750 1.71758 1991:1 1.72733 1.71884 1991:2 1.73679 1.74121 1991:3 1.72741 1.73824 1991:4 1.72119 1.74741 1991:5 1.71188 1.74874 1991:6 1.69917 1.75847 1991:7 1.69220 1.74475 1991:8 1.66596 1.72633 1991:9 1.67057 1.74384 1991:10 1.64406 1.72250 1991:11 1.64822 1.72050 1991:12 1.65609 1.73587 1992:1 1.64425 1.71834 1992:2 1.65828 1.70519 1992:3 1.66714 1.73675 1992:4 1.64972 1.73302 1992:5 1.65250 1.73832 1992:6 1.66177 1.73990 1992:7 1.65514 1.75287 1992:8 1.65695 1.75843 1992:9 1.64888 1.74635 1992:10 1.63853 1.74864 1992:11 1.64724 1.76014 1992:12 1.64866 1.73930 1993:1 1.65197 1.74622 1993:2 1.64017 1.73897 1993:3 1.63956 1.73658 1993:4 1.63965 1.72921 1993:5 1.64605 1.72260 1993:6 1.63990 1.71232 1993:7 1.63293 1.69644 1993:8 1.62768 1.69839 1993:9 1.65276 1.71656 1993:10 1.65008 1.72508 1993:11 1.67068 1.74526 1993:12 1.66530 1.74040 1994:1 1.66610 1.75206 1994:2 1.66864 1.75767 1994:3 1.67917 1.76182 1994:4 1.68963 1.77652 1994:5 1.68537 1.77726 1994:6 1.63091 1.73841 1994:7 1.62889 1.71777 1994:8 1.63012 1.72170 1994:9 1.62865 1.70382 1994:10 1.63704 1.69809 1994:11 1.62416 1.68837 1994:12 1.62346 1.68021 1995:1 1.62256 1.66135 1995:2 1.62018 1.64720 1995:3 1.63445 1.64985 1995:4 1.63798 1.64557 1995:5 1.62637 1.62573 1995:6 1.61334 1.62575 1995:7 1.61667 1.62708 1995:8 1.59927 1.61691 1995:9 1.59409 1.61955 1995:10 1.59545 1.65212 1995:11 1.59514 1.65187 1995:12 1.58637 1.63335 1996:1 1.59478 1.64910 1996:2 1.58827 1.63740 1996:3 1.59037 1.62374 1996:4 1.58838 1.63254 1996:5 1.57603 1.62571 1996:6 1.55590 1.62942 1996:7 1.55956 1.60687 1996:8 1.53850 1.60097 1996:9 1.54765 1.62615 1996:10 1.53091 1.61690 1996:11 1.53178 1.63422 1996:12 1.52204 1.63133 1997:1 1.51996 1.62707 1997:2 1.54663 1.62234 1997:3 1.55244 1.61391 1997:4 1.54778 1.60380 1997:5 1.53949 1.58248 1997:6 1.53597 1.58474 1997:7 1.52354 1.57535 1997:8 1.53650 1.57945 1997:9 1.53213 1.58970 1997:10 1.52077 1.57103 1997:11 1.51966 1.58338 1997:12 1.53301 1.60396 1998:1 1.51835 1.59798 1998:2 1.53804 1.60533 1998:3 1.55949 1.60470 1998:4 1.58197 1.61107 1998:5 1.54997 1.60029 1998:6 1.56515 1.61267 1998:7 1.56485 1.61220 1998:8 1.57030 1.62620 1998:9 1.56429 1.61855 1998:10 1.57274 1.62715 1998:11 1.57506 1.65103