The given table illustrates the unemployment rate across nine nations between 1994 and 2024.
Overall, it is apparent that Ireland recorded the highest unemployment rate at the beginning before being surpassed by Poland by 2024. In addition, the proportion of each country generally experienced a decline, with the exception of Poland, Germany, Australia, and Japan.
In 1994, 14.8% of Ireland’s residents were unemployed, followed closely by Poland, Italy, Canada, and the UK with figures ranging from 12.4% to 9.5%. Next, Germany and the USA shared similar proportions of unemployment, at around 7%, which were 2% higher than the figure for Australia. Finally, at the bottom of the list came Japan, accounting for 2.7%.
By 2024, Ireland’s unemployment rate fell sharply to 4.4%, over 10% lower than its initial figure. While both Italy and Canada decreased by 3%, remaining 8.4% and 7.7% respectively, the rate of unemployment in the UK dropped gradually to 4.7%. Conversely, Poland’s figure climbed significantly to 19% from 12.4%, whereas Germany’s and Japan’s increased by around 2% each. In addition, despite rising slightly, Australia’s unemployment rate remained relatively negligible, at 5.4%.
