articleimg-1
Jan 03, 2019

Hungary's unemployment rate falls yet again

KSH figures show that the number of employed stood at 4,494,500 among 15-74-year-olds, 44,300 more than in the same period a year earlier

Hungary’s rolling average three-month jobless rate stood at 3.6 percent in November, down from 3.7 percent in the previous month.

According to figures released by the Central Statistical Office (KSH), the rate, which covers unemployment among those between the ages of 15 and 74, was close to the average for the previous twelve months. The numbers show that in absolute terms, there were 168,700 unemployed, 4,200 fewer than in the previous month and 8,800 fewer than in the same month a year earlier.

KSH figures show that the number of employed stood at 4,494,500 among 15-74-year-olds, 44,300 more than in the same period a year earlier. Hungary’s employment rate was 60.5 percent, up 0.7 percentage of a point.

The finance ministry said that Hungary’s 3.6 percent jobless figure is the third lowest in the European Union after the Netherlands and Malta. More and more people are finding work in high value-added jobs and the gaps between regions are narrowing, the ministry added.