Unemployment in Germany is now at about 6 percent. That seems awfully low in today's global economic climate, but it seems high to Germans. And still, it took some painful maneuvering to get it that low. Planet Money took a trip over to Germany to learn more about the nation's ten year push to transform its labor market. That push helped the once stagnant manufacturing get going again, and in the process to produce more jobs.
Take a listen (skip ahead to 02:30 for the story on Germany's unemployment):
Posted
09-19-2011 9:07 AM
by
Graham Griffith