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Hungary jobless rate little changed at 10.5% in Aug-Oct

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The average unemployment rate in Hungary was 10.5% in the 15-74 age group in August-October, up 0.1 percentage point from July-September, but down 0.3 percentage point from the same period a year earlier, data published by the Central Statistics Office (KSH) on Wednesday show. The employment rate in the age group was 51.4% in August-October, unchanged from July-September, but 1.1 percentage point higher than in the same period a year earlier. The activity rate of the 15-74 age group rose to 57.5%, and the rate rose to 65.1% in the 15-64 age group. There were 462,900 unemployed in Hungary in the 15-74 age group on average in August-October, up 5,200 from July-September and down 5,100 from a year earlier. The number of unemployed was under the 500,000 post-crisis peak reached at the beginning of 2010, but still well over the pre-crisis level of about 320,000.

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