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The graph below shows the unemployment rates in the US and Japan between March 1993 and March 1999.
Write a report for a university lecturer describing the information shown below.
Write at least 150 words.
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Model Answer 1
The line graph presented serves as an analytical comparison of unemployment trends within the United States and Japan spanning from March 1993 until March 1999.
At first glance, the overview of the data illustrates a distinct divergence in unemployment trajectories between the two nations. Initially, the United States faced a significantly higher unemployment rate than Japan, but through a consistent downward trend, the US was able to invert this disparity. In contrast, Japan started with a notably low rate, which unfortunately climbed steadily over the six-year period.
Delving into specifics, the United States began with a troubling unemployment rate slightly above the 7% mark. The subsequent years marked a period of recovery and growth, with the figure falling steadily to just below 5.5% by March 1995. This downward momentum persisted, and by the close of the period in March 1999, the unemployment rate had further reduced to just above 4%.
Conversely, Japan's initial unemployment rate was commendably low, under 2.5%, hinting at a robust employment landscape. However, the ensuing years marked a gradual yet unyielding increase in unemployment rates. By March 1995, the rate had ascended to 3%, and this upward trend continued, culminating in an intersection with the US rates between March 1998 and March 1999, around the 4.5% vicinity. The period concluded with Japan's unemployment rate surpassing that of the US, more than doubling its original figure to peak over 4.5%.
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Model Answer 2
The line graph provided delineates the fluctuations in unemployment rates in the US and Japan over a six-year span, from March 1993 until March 1999.
An overarching glance at the graph reveals a notable divergence in the unemployment trends of the two nations. Initially, the US grappled with a significantly higher unemployment rate than Japan. However, as the years progressed, the US demonstrated a commendable reduction in its unemployment figures, while Japan's initially low unemployment rates saw a marked increase.
Delving into specifics, the US started with an unemployment rate of 7.0 percent in March 1993. This figure experienced a downward trajectory, concluding at roughly 4.5 percent by March 1999. This improvement reflects a robust recovery and a successful diminution of unemployment by 2.5 percentage points over the period in question.
Conversely, Japan's labor market presented an inverse pattern. Beginning with a relatively prosperous unemployment rate of 2.5 percent in 1993, the situation deteriorated progressively, culminating in an escalation to just above 4.5 percent by the end of the period. This upswing in the unemployment rates in Japan signifies a concerning shift in its job market dynamics, contrasting sharply with the improving circumstances in the US.
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Model Answer 3
The provided graphic delineates the fluctuation of unemployment rates in the US and Japan across a span from March 1993 to the corresponding month in 1999.
The overarching narrative that emerges from the graph is one of reversal in economic fortunes between the US and Japan. The US, grappling with high unemployment rates at the outset, managed a remarkable reversal, bringing these figures down significantly. In contrast, Japan saw its initially low unemployment rates climb steadily over the same period.
In the detailed view, the US commenced the period with unemployment rates just north of 7%, a figure that signaled economic challenges. This, however, was the zenith of the unemployment curve, which then embarked on a persistent decline, descending to a tad under 5.5% by the end of two years. This trend of contraction in unemployment rates in the US continued, culminating in a rate slightly above 4% by March 1999.
Japan's employment landscape, initially the more robust of the two, with unemployment rates below 2.5%, began to erode as the period progressed. By March 1995, the rate had appreciated to 3%, and this incline did not wane. It led to a convergence of unemployment rates in the US and Japan, with both countries recording figures in the vicinity of 4.5% between March 1998 and March 1999. The period concluded with Japan's unemployment rate overtaking the US's, doubling from its initial rate to exceed 4.5%.
Model Answer 4
The line graph delineates the trajectory of unemployment rates in the US and Japan over a six-year span from March 1993 until March 1999.
An overview of the data illustrates a contrasting trend in unemployment rates for the two nations during the specified period. Initially, the US saw a downward trajectory, whereas Japan experienced an incremental rise in unemployment figures. Despite the divergent paths, by the close of March 1999, the unemployment rates in the US and Japan converged to strikingly similar percentages.
Delving into specifics, the US commenced the period with unemployment rates hovering just below 7%, a figure that gradually diminished over the subsequent years. The descent was steady, with notable dips, ultimately plateauing at around 4.8% in 1998. This period reflects a phase of economic upturn and job creation in the American market.
Conversely, Japan’s unemployment rates in the US and Japan embarked at a modest 2.5% in 1993. Unlike its American counterpart, Japan’s rates ascended, punctuated by a sharp escalation around 1998 to just over 5%. This increment mirrors economic challenges and a contraction in job opportunities within the Japanese market at the time.
By the end of the period in March 1999, the unemployment rates in the US and Japan presented a remarkable convergence, with the US at approximately 5.1% and Japan at a close 4.9%. This unexpected alignment marks a significant point of reference, as it denotes the lowest unemployment rate in the US coinciding with the peak rate of Japan within the observed timeframe.
Model Answer 5
The provided line graph elucidates the trends in unemployment rates within the United States and Japan over a six-year period, extending from March 1993 to March 1999.
The overarching trend illustrates a divergent pattern between the two nations. Initially, Japan maintained a lower unemployment rate, starting at 2.5%, indicative of a robust employment landscape. In stark contrast, the United States commenced with a higher unemployment figure, 7.0%, suggesting more pronounced job scarcity.
Delving into specifics, over the ensuing years, Japan witnessed a gradual uptick in unemployment rates, culminating in an increase of 1.5% by March 1996. The United States, conversely, demonstrated an equivalent decrease, showcasing economic recovery and job creation. This trend of rising unemployment rates in Japan and diminishing rates in the US continued until an intersection point was reached mid-1998, where both nations recorded an identical unemployment rate of 4.5%.
The final year of the study period saw the continuation of this trend. The United States' unemployment rate experienced a notable decline, ultimately resting just above the 4% mark. On the other hand, Japan's rate persisted in its ascent, surpassing 4.5%. The graph thus captures the dynamic economic shifts influencing the unemployment rates in the US and Japan, highlighting the economic fortitude of the United States in reducing joblessness compared to Japan's rising unemployment trajectory during the years in question.
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