CHART OF THE DAY: In A Crisis, Its Much Worse To Be An American Worker, Than A Japanese One

button more charts
button chart prev
button chart next

The US economy is frequently compared to Japan in the early days of its lost decade, but here’s one way it’s way different: the US is a much worse place to be a worker.

As this chart from Deutsche Bank nicely illustrates, US unemployment took off like a rocket when the crisis hit. In Japan, it barely budged, just gradually getting slightly worse over the years.

The good news: At least it means the economy will be forced to restructure faster.

chart of the day, unemployment rate, japan, us, sept 2010

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.