Unemployement Rates: US and Japan

Question


The graph below shows the unemployment rates in the US and Japan between March 1993 and March 1999.

Write a short report for a university lecturer describing the information shown below.

Sample Answer

According to the results of the labor-force research published recently, the following conclusions can be drawn from it:

In March, 1993, United States had seven percent of their workforce which might not seem disastrous until compared with Japan, where 2.5% were unemployed. However, the unemployment rate in United States began declining slowly since March 1993, and reached 5% mark in the middle of 1996. Japan turned out to be less lucky, as their unemployment rate doubled in three years. From then on, the percentage of unemployed workforce in United States remained roughly the same — about 5% until March 99, although there were minor falls and rises in the unemployment rate.

As for Japan, the percentage of unemployed fell rapidly by 0.5—0.6% after March 1996, but from summer 1996 and onwards it grew steadily and without any falls to reach 5.0% boundary in March 1999. 

The major conclusion that I've drawn using the graph, is that number of unemployed in USA decreased by about 2.0% in the course of six years, while in Japan it actually increased by 2.5%. As a result, in March 99, both Japan and US had about 5% of their work force unemployed.

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