The graph displays the rates of employment in the US and Japan between March 1993 and March 1999.
Overall, it can be seen that the unemployment rate in Japan increased from March 1993 to March 1999, while the unemployment rate in the United States decreased. However, the figures were quite similar by the end of the period.
Firstly, in Japan, unemployment rates began at 2.5% and reached slightly under 4.5%. There was a good increase from March 1993 to March 1999, but it slightly decreased from approximately 4.5% to 4%. However, it started to rise, averaging between 4% and 5% from March 1996 to March 1999.
In addition, the unemployment rate for individuals in the US was 7% in March 1993. This fluctuated and eventually decreased to 5.0% by March 1999, indicating that more people eligible for work were unemployed.
