Germany's Painful Solution To High Unemployment : Planet Money The unemployment rate in Germany is just 6 percent — and it's declining. We spent a week in Germany learning their secret recipe.
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Germany's Painful Solution To High Unemployment

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Germany's Painful Solution To High Unemployment

Germany's Painful Solution To High Unemployment

Germany's Painful Solution To High Unemployment

  • Download
  • <iframe src="https://www.npr.org/player/embed/140548788/140551981" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Marchers demonstrate against the German labor reforms, known as Hartz IV. (November 5, 2005) Sean Gallup/Getty Images hide caption

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Sean Gallup/Getty Images

The unemployment rate is disastrously high in the U.S. and much of Europe. But the rate in Germany is just 6 percent — and it's declining.

We spent a week in Germany learning their secret recipe. On today's show, we hear the how country transformed its labor market a few years back — and how it still has the scars to prove it.

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