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Jul 27, 2017

Hungary's jobless rate falls to 4.3% and 77,000 more jobs created in a year

The employment rate of people aged 15–64 increased to 68.1 percent. The level of employment was higher among men than among women, and the rate of improvement was also higher for them

Hungary’s average jobless rate fell from 4.4 to 4.3 percent in the April-June quarter, according to official figures released by the Central Statistical Office (KSH).

In the same perod, the average number of employed people was 4,420,000, 77,000 more than a year earlier.

The employment rate of people aged 15–64 increased to 68.1 percent. The level of employment was higher among men than among women, and the rate of improvement was also higher for them.

The rate of unemployment among 15-74 year-olds was lower than 5.1 percent in the same period a year earlier. In absolute terms, there were 196,000 job seekers in Hungary in April-June, 6,700 less than in March-May and 47,600 less than in the same period a year earlier.

The unemployment rate among 15-24 year-olds stood at 11 percent, down by 2.3 percentage points from a year earlier.

The unemployment rate for 25-54 year-olds dropped by 0.8 percentage points to 3.7 percent and the rate among 55-64 year-olds was down by 0.4 percentage point at 3.9 percent.