German Jobless

News of rising orders and increased capacity use Tuesday promised further manufacturing-led growth in Germany, but the highest April jobless figures since 1945 showed recovery is still too weak to cut unemployment. The Nuremberg-based federal labour office Tuesday reported that unemployment fell by 130,400 to 4.35m in April from March, reducing the unadjusted headline jobless rate to 11.3 per cent from 11.7 per cent. FT