Fig. 8

Monthly unemployment flows (2009 to 2021). The monthly inflow rate from employment into unemployment (national definition) is defined as the number of inflows from employment to unemployment in month t relative to the employment level in month t-1. The monthly exit rate from unemployment into employment is defined as the number of outflows from unemployment (national definition) to employment in month t relative to the unemployment level in month t-1. The numbers are seasonally adjusted. Sources: Federal Employment Agency; own calculations