Germany's Jobfull Stagnation
In part this could perhaps be explained by growth in the service sector, and in part it reflects a drop in Germany's working age population. It could perhaps also reflect that official statistics either underestimate production growth or overestimate employment growth-or both. Still, employment growth is extraordinarily high considering the production growth numbers.
Some talk of "jobless recovery" in some periods of times in some countries. But Germany by contrast seems to have a jobfull slump or at least a jobfull stagnation.