The line graphs compare the level of Japanese and American unemployed population from March 1993 to March 1999.
Overall, it is clear from the graph that unemployment proportion in the US had much higher figures from the start than in Japan, and then American level dropped significantly over the period. On the contrary, the rate of Japanese workforce without job saw only a steady increase, until the both indicators converged at the same point in April 1998.
In March 1993, unemployed people in the USA stood at about 7%. Their number went down gradually by around 1.5% with slight fluctuations over the period of two years. Meanwhile, the proportion of people without work was a moderate climb between March 1995 and March 1996 and accounted for approximately 6%. However, it experienced a decline by almost 1% the following year and remained stable with slight variations until March 1999.
By comparison, in March 1993, the average unemployment rate in Japan was about 3%. As is illustrated by the line graph, their number witnessed a considerable rise until it reached the figure of just over 4.4% in March 1996. Then, the contribution of the Japanese citizens without jobs rocketed by almost 0.5% over about two months. Afterwards, it continued to increase steadily and after March 1998 amounted nearly 5%, remaining unchanged until March 1999.
