Unemployment; the results of an investigation made in Lancashire and an examination of the Report of the Poor Law Commission . siness paralysis is not universal, and that theeconomy of carrying out certain industrial projects intimes of bad trade is not altogether overlooked. In sofar, of course, as enterprise extends along these linesthe trade cycle will be appreciably counteracted. In the Chart on page 36, relating to 1908, we haveseparated the returns of the engineering and ship-building trade unions from all others, and drawn forcomparison the general percentage for all trade t
Unemployment; the results of an investigation made in Lancashire and an examination of the Report of the Poor Law Commission . siness paralysis is not universal, and that theeconomy of carrying out certain industrial projects intimes of bad trade is not altogether overlooked. In sofar, of course, as enterprise extends along these linesthe trade cycle will be appreciably counteracted. In the Chart on page 36, relating to 1908, we haveseparated the returns of the engineering and ship-building trade unions from all others, and drawn forcomparison the general percentage for all trade the results we shall comment shortly, but firstattention must be drawn to yet another defect—only aslight one, fortunately, and practically negligible, nodoubt,—in the Board of Trade index number of unem-ployment. This index number is founded, we haveobserved, on persons drawing out-of-work or travellingbenefit together with thosewhoare still out of work thoughtheir trade union benefits have lapsed. The latter are 36 UNEMPLOYMENT isoa I i I i I I I I I ^ Jan. Feb. Mae. Apl. May. Jun. July Aug. Sep. Oct. Nov. Dec 8 ^ 6. ALt, ^c EXCEPT SHpsii^/^a a EN^^£i^i^<^ UNHMlMX)Vi:i) TRADE UNIONISTS 37 known to the trade unions as they arc required to si^^nthe out-of-work books periodically in order to indicatethat they are still in want of places. If they are seriousworkmen and are still anxious to continue in the trade, theywill not neglect to sign this book at the stated intervals,inasmuch as their trade unions are their registry officesand chief agencies for getting to work again. Some fewmay grow careless when trade is very bad, or decide toturn to a less unstable means of support, and these willconsequently be omitted from the returns of the tradeunions. But the error thereby caused cannot be large. All who have followed the Board of Trade indexnumber in the last few months will have felt a verynatural dismay at its steady ascent and the height towhich it had attained before C
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