It's around, annoying as hell. You'll notice all those Jews in powerful positions have real grievances. However, a central factor in the public proliferation of antisemitic and anti-Slavic political activism in the Wilhelmine era was its open protection by the imperrial government. The various nasties got open support from Wilhelm II, who considered them a vital expression of loyalty and largely agreed with them, too. Tens of thousands os subaltern public officials (many of them valuable multipliers like schoolteachers and police officers) joined their organisations, providing respectability, funding, and a broad base for mass events and media penetration. ATL Albert decided he'd have no truck with this (OTLs version was less decisive, but never had to make the choice as starkly). That means all those loyal little footsoldiers will refrain from voicing their opinions (or even forming them in the first place, given how much this was driven by social pressures to conform) since they displease their ruler. Vocal antisemitism in ATL Germany is very much a reality, there is even an antisemitic party. But by and large, it is felt that it's somewhat distasteful, an Austrian thing. I could well envision a guards officer telling a young ensign something along the lines of "Don't rag on the Yids too hard. They can't help being unmilitary and cowardly, it's their blood. They make great bankers, though, so be grateful we have them." The more concerted activism of the Ullstein press is also playing its part, painting Jews as deplorable victims of evil Russian oppression even to those who still consider them Other. A lot of German rioght-wing racists who would violently disagree with considering a jew their equal ATL believe that Jews are sad, depülorable people, reasonably civilised folk whom the nasty barbaric Slaves like to beat up on. Perhaps the closest you can come to that mindset is the Anglo-Indian view of the urban Hindu Babu as the mainstay of colonial administration, civilised and useful, but annoyingly politicised and forever in need of protection from more backwards martial races.
Meanwhile, without the Selbstregierung Germany's political scene is a lot more active as various groups hope to influence policy rather than just public opinion. The Centralverein is as vocal and influential as the Schutzbund, frex. And both Wilhelm III and Albert were sticklers for legal rights, with nasty memories of Bismarck (whom Albert strongly disliked) lingering. And a Reichstag much more conscious of its power (it has been allowed to suggest ministerial appointments and chancellors, and Albert rarely used his power in the Bundestag to bully it) means that liberal political parties feel more equal to conservative Kartellparteien. Your position on antisemitism is as much a marker of political identity in this Germany as your position on Civil Rights was in 1960s America.
. Furthermore it looks like that annoying little priest has been killed in a back alley fire fight. I also find it extremely foreboading that Finnish troops are getting involved in Russia proper. I really do not think that Willi knows what fire he is playing with.