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Hungarian job-seeker numbers fall 20% in May

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The number of registered job seekers in Hungary at the end of May dropped by 20.2%, from the same period a year earlier, Hungarian news agency MTI reported yesterday based on data from the National Employment Office (NFSZ).

The figure dropped by approximately 77,700 to 307,000, data from the employment office shows. 

According to NFSZ data, 30.6% of the total job seekers, approximately 93,800 people, had been seeking work for more than one year in May. The figure dropped by 14.1% as compared to the same month a year earlier.

Some 11.1% of registered job seekers in May – 34,100 people – were unemployed school leavers, MTI reported.

Hungary’s unemployment rate dropped by 1.7 percentage points to 5.8% in the period of February to April, compared to the same period a year earlier, Hungary’s Central Statistical Office (KSH) reported at the end of May. Experts maintain that the real unemployment rate is higher than the official figure, which counts Hungarians working abroad and people working for the stateʼs workfare program as employed.

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