One of the most renowned measures of the state of a national economy is the unemployment rate. Luckily, living in Germany we have had some luck during the biggest financial crises in 2008/2009 which resulted just in a slight increase of unemployment rate. Nowadays, the unemployment rate is as low as ever: Five percent was announced several days ago. Surely, there were some measures in place at the right time. The most effective measure was the reduced-hour work helping to buffer the layoff of the workers. This is something for another blog entry. Nevertheless, it is interesting to take a peek into the stimulus of the German Employment Bureau (Arbeitsagentur). What is their aim? How do they handle their goal? And why is the way they do it usually wrong? A small discussion about wrong stimuli in fixed processing systems.
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