German joblessness dropped at the slowest pace in a year, pointing to labor-market vulnerabilities as the war in Ukraine and surging inflation weigh on Europe’s largest economy. Unemployment fell by 13,000 in April, keeping the jobless rate at the pre-pandemic level of 5%. Economists had estimated a reduction of 15,000 and the decline is the smallest since April 2021. “The arrival of spring and the easing of coronavirus measures is supporting the labor market’s continued recovery,” said Federal Labor Agency chief Detlef Scheele. “However, the development is being slowed down by Russia’s war against Ukraine.” The ... (full story)