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I mean yes, that too, but there actually is a labor shortage as well. We have 2.7M unemployed people and 700k open positions (source).
However, we need to account for
a) unemployed people that are not able to work due to illness etc b) those 700k open positions are only the ones that are reported to our labor agency (Arbeitsagentur).
If you account for that, we probably have closer to 2M open positions.
Imho 2M open positions makes more sense as there about 100k open positions in child care (Kita) alone.
But there wouldn't be a shortage if those jobs would pay decent wages and offer tolerable working conditions, or pay tolerable wages with decent working conditions.
Also there is many people who came as refugees and want to work, but they are prohibited form doing so.
That is at least in the next few years. With all the boomers retiring the economy is going to get fucked either way.
Not sure how it works there, but I believe in the US, the Bureau of Labor Statistics doesn't count people unable to work in their "unemployed persons" numbers.
Like...a 3 month old infant isn't considered "unemployed" for statistical purposes, for example.
you're probably right. I might have gotten misled because there's an ongoing debate about unemployed refugees here and it's mostly because we're terrible bat getting them permits to work.
Freaking unemployed infants leeching off society
They often are simply referencing the number of people reporting and/or applying for unemployment benefits.
that's not unemployed, that's not participating in the labour force
As someone who is currently looking for a job, I can say that there is nowhere near the amount and selection of jobs on the job center database as there is on the big online job boards, at least for what I'm looking for, so I wouldn't necessarily rely on that.