Unless something drastic happens - and it's almost May, so nothing drastic is going to happen - this year will mark a new absolute low in the number of tenure-track jobs in German Studies on the MLA job list: 17. That's two positions less than even 2009, the previous record for all-time miserable job markets. Of those 17 searches, one was canceled and converted into a NTT search.
Speaking of which: 2016-17 has been another banner year for non-tenure track jobs, with the number of ads near or at record levels all year. We're already at 39, with several more weeks still to go in a NTT hiring calendar that drags on into June and July. We'll likely end up in the range of such overheated NTT hiring years like 2005-2007, and beating the absolute record of 2014 is still a possibility.
So to recap: The economic recovery since 2008 has not led to a recovery in tenure-track hiring in German (or in any of the languages, actually). The job market in German is not going to make a comeback. There are, however, quite a few opportunities for you to stay in academia by moving every 1-3 years until you either strike out on the market or find yourself no longer geographically mobile (as long as you can live on $36-42,000 per year, including unreimbursed moving expenses).