The line graph compares the unemployment rates in three countries:the United Kingdom, rest of Europe, and Japan between 1993 and 2007. Overall, while the percentage of unemployed people in the rest of Europe and the UK experienced an overall decline over the given period, the unemployment rates in Japan increased considerably, despite a slight decrease in the final years. Notably, the rest of Europe showed the highest figures in unemployment rates as opposed to other countries for the most of the period.
Focusing on decreasing trends, the UK had the highest unemployment levels at the beginning of the period, which was overtaken by the rest of Europe in the following years, starting at almost 11%, a figure then saw a dramatic decline by 2001, reaching 5%. However, this figure remained unchanged until 2005 before increasing to 6% in 2007.A similar downward trajectory was observed in the rest of Europe. Despite a market growth from about 7% to more than 12% between 1993 and 1997, the proportion of unemployed people declined significantly in consecutive years ,reaching approximately below 8% and remained dominate in terms of unemployment rates.
By contrast, the proportion of Japanese people joblessness saw a slight rise in 1995, showing 3%, and remained intact by 1999, while the unemployment rate went up considerably, reaching a peak of 6% in 2003, and the figure decreased markedly to 4% at the end of the period.