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Jul 30, 2019

Hungary's unemployment rate falls by 3 percentage points in a year

Hungary’s three-month rolling average jobless rate dropped to 3.3 percent in April-June, falling from 3.4 percent in the previous three-month period and down from 3.6 percent last year.

Hungary’s three-month rolling average jobless rate dropped to 3.3 percent in April-June, falling from 3.4 percent in the previous three-month period and down from 3.6 percent last year.

The Central Statistical Office (KSH) revealed that the rate covers unemployment among those between the ages of 15 and 74. In absolute terms, 155,500 Hungarians were unemployed, 4,900 fewer than in the previous period and down 9,700 from a year earlier.

According to MTI, the unemployment rate in the 15-24 age group stood at 10.8 percent, up 1.3 percentage points compared to the base period. The unemployed in this age group account for more than one-fifth of all jobless.

KSH noted that out-of-work Hungarians spent about 14.4 months on average looking for employment during the period, and 35.6 percent of the unemployed had been seeking work for one year or longer.

The number of jobholders stood at 4,510,900 among 15 to 74-year-olds, 36,000 or 0.8 percent more than in the same period a year earlier. The employment rate was 60.8 percent, up 0.6 percentage point.