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Feb 27, 2017

Hungary’s unemployment rate falls by nearly two percent in just one year

There were 197,600 unemployed in Hungary in November-January, 7,400 fewer than in October-December and 81,600 fewer than in the same period a year earlier

Hungary’s unemployment rate has fallen by nearly two percent in just one year, it has been revealed.

According to the Central Statistical Office (KSH), Hungary's rolling average three-month jobless rate reached 4.3 percent in November-January, dropping from 4.4 percent in the previous period and 6.2 percent in the same period a year earlier.

The rate covers unemployment among those between the ages of 15 and 74, MTI states.

In absolute terms, there were 197,600 unemployed in Hungary in November-January, 7,400 fewer than in October-December and 81,600 fewer than in the same period a year earlier.