Considering how Germany anchors a European continent plagued by high unemployment and slow growth, its labor market is on fire. The number of unemployed has been halved over the past decade. With just 2.6 million people out of work, the German unemployment rate has declined to 5.9%. The country’s exports reached nearly $1.3 trillion in 2016. That’s roughly, and remarkably, half of Germany’s GDP, amounting to about 9% of world exports that year.
