Hungarian unemployment rate drops to 8.1%
Average unemployment rate among Hungarians in the age group of 15 and 74 has dropped to 8.1%, the Central Statistics Office (KSH) published on Thursday (May29).
According to KSH the rate is on a gradual decrease from 8.3% in January-March and from 11.0% in the same period a year earlier. In the February-April period, the average number of the employed averaged a bit above 4.1 million.
Approximately 51.8% of the unemployed had been looking for work for one year or more before finding a job, spending 19.2 months with job-seeking on average. KSH noted that the number of job seekers registered by the National Labour Office (NMH) has dropped by 25%.
The employment rate in the 15-74 age group averaged 53.9% in February-April, up from 53.6% in January-March and also up from 50.7% in the same period a year earlier. The most active age group of 20-64 has seen an increase of 66.2%.
The data are in line with the statistics of International Labour Organisation (ILO) and include people with all forms of employment contracts who have worked more than one hour a week during the period or are on sick leave or paid absence. The data also include those employed in public work schemes and those working abroad for less than one year.
-- Christian Keszthelyi contributed to this article
ADVERTISEMENT
MNB Monetary Council Leaves Base Rate on Hold
Hungarian Lawmakers Ratify Finland's NATO Accession
Visa Launches She’s Next Grant Program in Hungary
HIPA Awards 'Investors of the Year'
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
