I caught this FT graphic via David Wessel yesterday. It shows you that while the labour force in the Euro Zone as a whole generally continues to grow, the labour force in Germany has shrunk. During the euro era, Germany’s labour force between 15 and 64 has shrunk by 2% while the euro zone whole has increased by 7%. This could be one reason behind Germany’s record low unemployment levels. As unemployment continues to plague southern Europe, Germany is welcoming their best and brightest with open arms.
