Hungarian unemployment rate edges down to 8%
Hungary's unemployment rate between March and May was 8%, a slight improvement on the previous three-month period, when the rate was 8.1%, according to figures released by the Hungarian Central Statistics (KSH) office today.
Observers said that the slight improvement could probably be attributed to seasonal factors.
The figure represents a larger improvement from a year ago, when unemployment was 10.5%, according to KSH. This means that about 195,000 people were working in that period as compared to a year ago. According to estimates, about half of those added to the employment roles are working for government programmes.
"In March–May 2014, the number of 15–74 year-old unemployed male population was 190,000, which was 60,000 fewer than a year earlier and their unemployment rate decreased by 2.7 percentage points to 7.9%. The number of unemployed women was 167,000, and their unemployment rate was 8.1%, which was 2.4 percentage points lower than in the corresponding period a year earlier," KSH reported today.
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