Continuing the theme of employment vs. wealth we can look at the wealth of various countries versus the United States. Below are the GDP per capita of Australia (blue), Germany (red) as a fraction of US GDP per capita.

FRED Graph

Germany is approaching 82% of the productive capacity per person as the US while Australia is about 84%. So, they are closing in on the United States but not there yet.

However, here is the unemployment rate in the three countries

FRED Graph

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