The graph below shows the unemployment rates in the US and Japan between March 1993 and March 1999.

The graph below shows the unemployment rates in the US and Japan between March 1993 and March 1999.
The given graph illustrates the figure for the jobless rate in two different countries, namely the
UK
and Japan from
March
1993 to
March
1999. It is evident that people without work in the
UK
followed a downward trend trajectory,
whereas
the Japanese who were out of work demonstrated an upward trend in
this
period of time. In
March
1993, the percentage of
UK
unemployed accounted for 7% before a significant decline was witnessed in the ratio of underemployed rate after 3 years, stood at 5.5%.
Additionally
, there was a gradual decrease of inactive individuals in the
UK
registering 4.2%
at the end
of
this
period.
On the other hand
, 2.3% of Japanese had no job at the beginning of
this
period, a moderate climb was seen in the jobless rate, at 3.3%. Another noteworthy observation is that it fluctuated and continued to rise slightly before reaching a peak at 4.7% in
March
1999.
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Vocabulary: Replace the words uk, march with synonyms.
Vocabulary: Rephrase the word "undefined" in your introduction.
Vocabulary: The word "trend" was used 2 times.
Topic Vocabulary:
  • Unemployment rate
  • Trend
  • Comparison
  • Period
  • Sharp increase/decrease
  • Correlation
  • Economic policies
  • Technological advancements
  • Global economic conditions
  • Consumer spending
  • Social welfare
  • Public sentiment
  • Predictions
  • Economic strategies
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