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Nov 28, 2018

Hungary’s rolling average three-month jobless rate has fallen to 3.7 percent

KSH figures show that there were 172,900 unemployed in Hungary in August-October, 5,300 fewer than in July-September and 10,600 fewer than in the same period in 2017

Hungary’s rolling average three-month jobless rate has fallen one percentage point to 3.7 percent during August-October.

According to figures released by the Central Statistical Office (KSH), the number was down from 3.8 percent in the previous period and covers unemployment among those between the ages of 15 and 74.

In absolute terms, there were 172,900 unemployed in Hungary in August-October, 5,300 fewer than in July-September and 10,600 fewer than in the same period in 2017.

The figures show that the number of employed Hungarians during the period stood at 4,502,100, up 15,300 from the previous three-month period and up 57,000 compared to one year earlier.

The employment rate was 60.6 percent, slightly up from 60.4 percent in the previous period and up from 59.7 percent from a year earlier.