Comrades -

Eric Nilsson asked:

>Doug, if you have the time to explain, what's the basic
>post-1980 trend in the voluntary job leaver data? Was
>the 1990-92 data out of line with previous recession
>experience or is it that something different is now happening
>in 1995?

>From the numbers below, the leavers data doesn't (or as they say around the
Fed, don't) seem to move in interesting ways. Most of the action is in the
job loser category.

Doug

--

Doug Henwood
Left Business Observer
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-------------------------------------------------------------------------------

COMPOSITION OF UNEMPLOYMENT, LFPR, AND EPR, US, 1967-95
(quarterly data)

                            unemployed, % of CLF
           -----------------------------------------------------
                        job losers
                   --------------------     job     new     re-
           total   total   layoff  other  leavers   entr    entr    LFPR    EPR
67Q1        3.8%    1.6%    0.5%    1.1%    0.5%    0.5%    1.4%   59.3%   57.0%
67Q2        3.8%    1.6%    0.5%    1.1%    0.6%    0.5%    1.2%   59.4%   57.1%
67Q3        3.8%    1.6%    0.6%    1.0%    0.6%    0.5%    1.1%   59.7%   57.4%
67Q4        3.9%    1.6%    0.5%    1.1%    0.6%    0.5%    1.2%   59.9%   57.5%
68Q1        3.7%    1.5%    0.5%    1.1%    0.6%    0.5%    1.1%   59.4%   57.2%
68Q2        3.6%    1.3%    0.4%    0.9%    0.5%    0.5%    1.2%   59.8%   57.7%
68Q3        3.5%    1.3%    0.4%    0.9%    0.5%    0.5%    1.1%   59.6%   57.5%
68Q4        3.4%    1.2%    0.4%    0.8%    0.5%    0.5%    1.1%   59.6%   57.6%
69Q1        3.4%    1.2%    0.4%    0.9%    0.5%    0.5%    1.1%   59.8%   57.8%
69Q2        3.4%    1.3%    0.4%    0.9%    0.5%    0.5%    1.2%   60.0%   57.9%
69Q3        3.6%    1.2%    0.4%    0.8%    0.6%    0.6%    1.2%   60.2%   58.1%
69Q4        3.6%    1.3%    0.5%    0.8%    0.5%    0.5%    1.2%   60.3%   58.1%
70Q1        4.2%    1.7%    0.6%    1.1%    0.6%    0.6%    1.3%   60.5%   57.9%
70Q2        4.8%    2.1%    0.8%    1.3%    0.7%    0.6%    1.4%   60.4%   57.5%
70Q3        5.2%    2.4%    0.9%    1.5%    0.7%    0.6%    1.5%   60.3%   57.2%
70Q4        5.8%    2.8%    1.1%    1.7%    0.7%    0.7%    1.6%   60.4%   56.9%
71Q1        5.9%    2.7%    0.9%    1.9%    0.7%    0.7%    1.7%   60.2%   56.6%
71Q2        5.9%    2.8%    0.8%    1.9%    0.7%    0.7%    1.8%   60.0%   56.5%
71Q3        6.0%    2.8%    0.9%    1.9%    0.7%    0.8%    1.8%   60.2%   56.6%
71Q4        6.0%    2.7%    0.9%    1.9%    0.7%    0.8%    1.8%   60.3%   56.7%
72Q1        5.8%    2.5%    0.7%    1.8%    0.7%    0.8%    1.8%   60.3%   56.8%
72Q2        5.7%    2.5%    0.7%    1.8%    0.7%    0.9%    1.7%   60.4%   57.0%
72Q3        5.6%    2.5%    0.7%    1.8%    0.8%    0.7%    1.6%   60.4%   57.1%
72Q4        5.3%    2.2%    0.6%    1.6%    0.7%    0.7%    1.6%   60.4%   57.2%
73Q1        5.0%    2.0%    0.5%    1.4%    0.7%    0.8%    1.6%   60.4%   57.4%
73Q2        4.9%    1.9%    0.5%    1.3%    0.7%    0.8%    1.6%   60.8%   57.8%
73Q3        4.8%    1.9%    0.5%    1.4%    0.8%    0.7%    1.5%   60.8%   57.9%
73Q4        4.8%    1.9%    0.5%    1.3%    0.8%    0.7%    1.4%   61.1%   58.2%
74Q1        5.1%    2.2%    0.7%    1.5%    0.8%    0.7%    1.4%   61.3%   58.2%
74Q2        5.2%    2.1%    0.7%    1.5%    0.8%    0.7%    1.5%   61.2%   58.0%
74Q3        5.6%    2.4%    0.8%    1.6%    0.8%    0.7%    1.7%   61.3%   57.9%
74Q4        6.6%    3.1%    1.1%    2.0%    0.9%    0.8%    1.8%   61.3%   57.2%
75Q1        8.2%    4.4%    1.7%    2.7%    0.8%    0.8%    2.0%   61.2%   56.2%
75Q2        8.9%    5.1%    2.1%    3.0%    0.9%    0.8%    2.1%   61.3%   55.9%
75Q3        8.5%    4.9%    1.8%    3.1%    0.9%    0.9%    2.0%   61.3%   56.1%
75Q4        8.3%    4.4%    1.5%    2.9%    0.9%    0.9%    2.0%   61.1%   56.0%
76Q1        7.7%    3.9%    1.1%    2.8%    0.9%    0.9%    2.0%   61.3%   56.5%
76Q2        7.6%    3.8%    1.1%    2.7%    0.9%    0.9%    1.9%   61.5%   56.9%
76Q3        7.7%    3.8%    1.1%    2.7%    1.0%    0.9%    2.0%   61.7%   57.0%
76Q4        7.8%    3.8%    1.1%    2.7%    0.9%    1.0%    2.1%   61.8%   57.0%
77Q1        7.5%    3.5%    1.0%    2.5%    1.0%    1.0%    2.1%   61.9%   57.2%
77Q2        7.1%    3.2%    0.8%    2.3%    0.9%    1.0%    2.0%   62.2%   57.8%
77Q3        6.9%    3.1%    0.9%    2.3%    0.9%    1.0%    1.9%   62.2%   58.0%
77Q4        6.6%    2.9%    0.8%    2.1%    0.9%    0.9%    1.9%   62.6%   58.5%
78Q1        6.3%    2.7%    0.7%    2.0%    0.9%    0.9%    1.9%   62.8%   58.8%
78Q2        6.0%    2.5%    0.6%    1.9%    0.8%    0.9%    1.8%   63.1%   59.3%
78Q3        6.0%    2.4%    0.7%    1.8%    0.9%    0.9%    1.9%   63.2%   59.4%
78Q4        5.9%    2.4%    0.7%    1.7%    0.8%    0.8%    1.8%   63.5%   59.7%
79Q1        5.9%    2.5%    0.8%    1.7%    0.9%    0.8%    1.7%   63.7%   60.0%
79Q2        5.7%    2.3%    0.7%    1.6%    0.8%    0.8%    1.7%   63.4%   59.8%
79Q3        5.9%    2.5%    0.8%    1.7%    0.8%    0.7%    1.8%   63.7%   60.0%
79Q4        5.9%    2.7%    0.9%    1.8%    0.8%    0.8%    1.7%   63.8%   60.0%
80Q1        6.3%    3.0%    1.1%    1.9%    0.8%    0.8%    1.7%   63.9%   59.9%
80Q2        7.3%    3.8%    1.6%    2.2%    0.9%    0.8%    1.8%   63.8%   59.1%
80Q3        7.7%    4.2%    1.7%    2.5%    0.9%    0.8%    1.8%   63.7%   58.8%
80Q4        7.4%    3.9%    1.4%    2.6%    0.8%    0.8%    1.8%   63.7%   59.0%
81Q1        7.4%    3.7%    1.2%    2.5%    0.8%    0.9%    1.9%   64.0%   59.2%
81Q2        7.4%    3.7%    1.2%    2.5%    0.9%    0.9%    1.9%   64.1%   59.4%
81Q3        7.4%    3.8%    1.2%    2.6%    0.9%    0.9%    1.9%   63.7%   59.0%
81Q4        8.2%    4.4%    1.6%    2.8%    0.8%    0.9%    2.1%   63.8%   58.5%
82Q1        8.8%    5.0%    1.7%    3.3%    0.8%    1.0%    2.0%   63.8%   58.1%
82Q2        9.4%    5.5%    1.8%    3.6%    0.8%    1.0%    2.2%   64.0%   58.0%
82Q3        9.9%    5.9%    2.1%    3.8%    0.7%    1.1%    2.2%   64.1%   57.7%
82Q4       10.7%    6.5%    2.2%    4.3%    0.7%    1.2%    2.3%   64.1%   57.3%
83Q1       10.4%    6.2%    1.9%    4.3%    0.8%    1.1%    2.3%   63.8%   57.1%
83Q2       10.1%    6.0%    1.7%    4.3%    0.7%    1.2%    2.2%   63.9%   57.5%
83Q3        9.4%    5.4%    1.5%    3.9%    0.7%    1.1%    2.2%   64.3%   58.2%
83Q4        8.5%    4.7%    1.2%    3.5%    0.8%    1.0%    2.0%   64.1%   58.6%
84Q1        7.9%    4.2%    1.1%    3.1%    0.7%    1.0%    1.9%   64.0%   59.0%
84Q2        7.5%    3.8%    1.0%    2.8%    0.7%    1.0%    1.9%   64.5%   59.6%
84Q3        7.4%    3.8%    1.0%    2.8%    0.7%    1.0%    2.0%   64.5%   59.7%
84Q4        7.3%    3.7%    1.0%    2.7%    0.8%    0.9%    1.9%   64.5%   59.8%
85Q1        7.3%    3.7%    1.0%    2.6%    0.7%    0.9%    2.0%   64.8%   60.1%
85Q2        7.3%    3.5%    1.0%    2.5%    0.8%    0.9%    2.0%   64.7%   60.0%
85Q3        7.2%    3.6%    1.0%    2.6%    0.8%    0.9%    1.9%   64.7%   60.1%
85Q4        7.0%    3.5%    1.0%    2.5%    0.8%    0.9%    1.9%   64.9%   60.4%
86Q1        7.0%    3.4%    1.0%    2.5%    0.8%    0.9%    1.9%   65.0%   60.5%
86Q2        7.2%    3.6%    0.9%    2.6%    0.9%    0.9%    1.9%   65.2%   60.6%
86Q3        7.0%    3.4%    0.9%    2.5%    0.9%    0.9%    1.8%   65.4%   60.8%
86Q4        6.8%    3.3%    0.9%    2.4%    0.9%    0.8%    1.8%   65.4%   60.9%
87Q1        6.6%    3.2%    0.9%    2.4%    0.8%    0.8%    1.7%   65.4%   61.1%
87Q2        6.3%    3.0%    0.8%    2.3%    0.8%    0.8%    1.7%   65.6%   61.4%
87Q3        6.0%    2.8%    0.7%    2.1%    0.8%    0.7%    1.6%   65.6%   61.7%
87Q4        5.9%    2.8%    0.8%    2.0%    0.8%    0.7%    1.6%   65.7%   61.9%
88Q1        5.7%    2.6%    0.7%    1.9%    0.9%    0.7%    1.6%   65.8%   62.0%
88Q2        5.5%    2.5%    0.7%    1.9%    0.8%    0.7%    1.5%   65.8%   62.2%
88Q3        5.5%    2.5%    0.7%    1.8%    0.8%    0.6%    1.5%   66.0%   62.3%
88Q4        5.3%    2.5%    0.7%    1.8%    0.8%    0.6%    1.4%   66.1%   62.6%
89Q1        5.2%    2.4%    0.6%    1.7%    0.8%    0.6%    1.5%   66.3%   62.9%
89Q2        5.2%    2.3%    0.7%    1.6%    0.8%    0.6%    1.6%   66.4%   63.0%
89Q3        5.3%    2.4%    0.7%    1.7%    0.8%    0.5%    1.5%   66.5%   63.0%
89Q4        5.4%    2.5%    0.7%    1.7%    0.8%    0.5%    1.5%   66.5%   63.0%
90Q1        5.3%    2.5%    0.8%    1.7%    0.8%    0.5%    1.4%   66.5%   63.0%
90Q2        5.3%    2.5%    0.8%    1.7%    0.8%    0.5%    1.5%   66.4%   62.9%
90Q3        5.6%    2.7%    0.8%    1.9%    0.8%    0.5%    1.5%   66.3%   62.6%
90Q4        6.0%    3.0%    0.9%    2.1%    0.8%    0.5%    1.6%   66.2%   62.3%
91Q1        6.5%    3.5%    1.1%    2.4%    0.8%    0.6%    1.6%   66.1%   61.8%
91Q2        6.7%    3.7%    1.1%    2.6%    0.8%    0.6%    1.7%   66.2%   61.7%
91Q3        6.7%    3.8%    1.0%    2.8%    0.8%    0.6%    1.7%   65.9%   61.5%
91Q4        7.0%    3.9%    1.0%    2.9%    0.8%    0.6%    1.7%   65.9%   61.3%
92Q1        7.3%    4.1%    1.0%    3.1%    0.7%    0.7%    1.8%   66.2%   61.3%
92Q2        7.5%    4.3%    1.0%    3.3%    0.8%    0.7%    1.7%   66.4%   61.5%
92Q3        7.5%    4.3%    1.0%    3.3%    0.8%    0.7%    1.8%   66.4%   61.4%
92Q4        7.3%    4.1%    1.0%    3.2%    0.7%    0.7%    1.8%   66.2%   61.3%
93Q1        7.0%    3.7%    0.8%    2.9%    0.8%    0.7%    1.7%   66.1%   61.4%
93Q2        7.0%    3.7%    0.9%    2.9%    0.8%    0.7%    1.7%   66.2%   61.6%
93Q3        6.7%    3.8%    0.9%    2.9%    0.7%    0.7%    1.6%   66.1%   61.7%
93Q4        6.5%    3.5%    0.8%    2.7%    0.7%    0.6%    1.6%   66.2%   61.9%
94Q1        6.6%    3.2%    0.8%    2.4%    0.6%    0.5%    2.2%   66.7%   62.3%
94Q2        6.2%    2.8%    0.7%    2.1%    0.6%    0.5%    2.2%   66.5%   62.4%
94Q3        6.0%    2.8%    0.7%    2.1%    0.6%    0.5%    2.1%   66.5%   62.5%
94Q4        5.6%    2.6%    0.7%    2.0%    0.5%    0.4%    2.0%   66.6%   62.9%
95Q1        5.5%    2.6%    0.8%    1.8%    0.6%    0.4%    1.9%   66.9%   63.2%
95Q2        5.7%    2.7%    0.8%    1.9%    0.6%    0.4%    2.0%   66.6%   62.8%
95Q3        5.6%    2.6%    0.8%    1.8%    0.7%    0.4%    1.9%   66.6%   62.8%
95Q4        5.5%    2.6%    0.7%    1.9%    0.6%    0.4%    1.9%   66.6%   62.9%

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