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22

Graph D.

Seasonal Fluctuations in Employment, 1926 and 1927.— Ratio Chart indicating Seasonal Fluctuations in Employment during the Calendar Years 1926 and 1927 (Wage-earning Employees) in (a) the Meat-freezing, Ham and Bacon, Butter and Cheese, Sausage-casing, Wool-scouring and Fellmongering and Boiling-down Industries ; (b) Other Manufacturing ; and (c) the Building Industry. N.B.—The curves have been plotted from relative numbers equating the figures for each month to the arithmetic mean for the twenty-four months. Movements above the horizontal line 100 indicate percentage increases, while those below the line indicate percentage decreases from the mean for each series.

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