- For Teachers
These are two graphs that describe the change in the percentage of people who did not have a job in the US (United States) and Japan from March 1993 to March 1999. According to the graph, these two figures show opposite inclinations.
To begin with, there was an overall increase in the rate of unemployment in Japan by 2.5 per cent, while this was a 2.0 per cent decrease for the US. Furthermore, the difference in the unemployment figures for these two nations in March 1993 was quite profound (4.5 per cent) and it became slighter as time went by until the two figures reached almost the same value (around 5.0 percent) as each other at the end of the period. As can be seen, since March 1998, the unemployment rates in both the US and Japan were approximately equal to each other. As for the US alone, the rate of unemployment fluctuated around 5.0 per cent since sometime between March 1996 and 1997.