COMPARISON OF UNEMPLOYEMENT RATE BETWEEN USA AND MEXICO

COMPARISON OF UNEMPLOYEMENT RATE BETWEEN USA AND MEXICO: The chart above shows the unemployment rate of USA from the last five years. As in the start of 2013, the rate of jobless people was high as compared to the recent unemployed person’s ratio. It was 8 percent in the 2013 but slowly it reduced with the passage of time. It got decreased to 6.7 percent in the beginning of 2014. As persons of USA find a lot of opportunities in this year. Then, in 2015 it went the same way that the ratio gets down and people find a lot of works and jobs. In this time period, it get reduced to 4.9 percent in 2016. After 2016, Furthermore, it was slightly lessened, there was no major changes. The unemployment rate was less for a short time period than again increased but no more changed. It only decreased to 4.9 percent to 4.8 percent from 2016 to 2017. But it also changed to 3.9 percent in 2018.

This chart describes the unemployment rate of Mexico from the year 2013 to 2017. As in 2013, the average of unemployed was 5.3 percent. The rate decreased to 4.5 percent but again increased to 5.2 percent because of jobless people. Accordingly, it’s got downward but again went upward to 5.1 percent in 2014. After 2014, it slightly dropped but another time went higher up-to 5.5. Moreover, it lessened down with different changes and set off at 4.5 percent in 2015. Additionally it got changed, less for a few time but higher for most of the time. In 2016, the rate of unemployed became 4.2 percent. Besides all, in 2017, it was changed with the duration of time. It went down and upward with variations. In 2017, It settled down at 3.6 percent. In addition, in 2018, it is 3.5 percent nowadays.