The line presented chart demonstrates the jobless rates levels in 3 different areas of the world between 1993 and 2007.
Overall, it is notable that Japan experienced/ underwent an upward trend in the UK rate of unemployed people, while the opposite was true for both UK and EU over the period shown/ examined. Furthermore, EU unemployment figures were consistently higher than those of other 2 countries for the majority of the period.
In 1993, the percentage of unemployment in the UK started at the highest point of the chart, at nearly 11%, followed by a slightly lower rate of the EU, at about 9%. Four years later, the number of the jobless in the EU rose significantly to roughly 12%, whereas a remarketable drop of 3% was recorded in the UK. From 1997 onwards, the EU witnessed constant declines, to under 8% in 2007. Similarly/ Likewise the rate of people who were out of work in the UK continually fell until 2005, to about 5% before going up moderately to 6% in 2007.
The percentage of the jobless in Japan hit the lowest point of 2% in 1993 and started a growth of about 3% in 1995. From 1995 to 1999 onwards, Japan witnessed constant remains stable, to under 4%. In the next 4 years, the unemployment rates went up dramatically to 6%. Remarkably, in 2003 and 2007 the number of people who lost one’s jobs in Japan saw a sharp decrease to 4%.