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Hungary jobless rate increases in Dec-Feb

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Hungary’ unemployment rate increased to a near one-year higher in the three months to February, but stayed slightly below economists’ forecast. However, the jobless rate was unchanged from a year earlier, data published by the Central Statistical Office on Thursday show. The unemployment rate for the December-February period was 11.6%, higher than 11.2% recorded in the preceding three-month period, the Budapest-based agency said. Economists were looking for a figure of 11.7%. The unemployment rate among youth, aged between 15 and 24, increased to 29.2% during the three month period from 28.4% in the three months to January. As many as 45.6% of the unemployed population had been searching for a job for one year or more, it said. The number of unemployed persons in the country rose to 501,900 in February from 486,400 in the previous period, but stayed broadly unchanged from a year earlier.

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