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Nov 28, 2019

Hungary's unemployment rate drops 0.2 percentage points in a year

Hungary’s three-month rolling average jobless rate stood at 3.5 percent in August-October, down from 3.7 percent a year earlier.

Hungary’s three-month rolling average jobless rate stood at 3.5 percent in August-October, down from 3.7 percent a year earlier.

According to data from the Central Statistical Office (KSH), the rate covers unemployment among those between the ages of 15 and 74. In absolute terms, there were 163,600 unemployed, down 9,300 from a year earlier.

Jobless Hungarians spent about 11.2 months on average looking for employment during the period, and 32 percent of the unemployed had been seeking work for one year or longer.

The number of employed stood at 4,520,500 among 15 to 74 year-olds, 18,400 or 0.4 percent more than in the same period a year earlier.

The employment rate was 60.9 percent, up 0.3 percentage points. The number of employed included 110,800 Hungarians in fostered work programs and 118,700 working abroad.

The number of those employed on the domestic primary labor market rose 0.7 percent from a year earlier to 4,291,000, while the number of fostered workers dropped by 16.6 percent. The number of those working abroad was up 9.8 percent.

Photo credit: audi.hu