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Business

More Recovery Talk as Unemployment Falls

Expectations of an economic recovery in Germany again leapt on the back of news that German unemployment fell for the third month in five in September. The Federal Labor Office in Nuremberg said that the number of people out of work dropped a seasonally adjusted 14,000 from August with the jobless rate dropping to 10.5 percent from 10.6 percent, causing hope in the financial sector that increased hiring activity will help Europe's largest economy recover from a three-year slump. Executives and investors continue to get excited every month with news of rising consumer confidence and nominal gains on the world markets. “The worst of the slump is definitely behind us now,” Klaus Hofer, head of personnel at B. Braun Melsungen AG, a chemical supplies company told Bloomberg. “We still have a few vacancies to fill.”