KSH: Emplyoment rises, while unemployment drops

Tourism

The number of employed people was up 4.9% year-on-year (to 62.9%) in the August-October period, exceeding 4.18 million, while the unemployment rate decreased by 2.7 percentage points year-on-year to 7.1% for the same period, Central Statistics Office (KSH) reported today.

The number of employed people grew by 192,000, while the number of unemployed people dropped by 319,000, according to the estimates reported by KSH.

In August–October 2014, 2.26 million were employed among the 15–64 year-old male population, their employment rate increased by 4.3 percentage points to 69.6% over a year. The number of employed women aged 15–64 was 1.89 million, their employment rate grew by 3.0 percentage points to 56.4%.

Some 20.3% of unemployed people belonged to the 15–24 age group, which is underrepresented in the labor market. The unemployment rate for this age group was 19.5%, 7.3 percentage points lower than a year  ago. The unemployment rate of those aged 25–54, i.e. persons belonging to the ‘best working age’  decreased by 2.5 percentage points to 6.2% and that of people aged 55–64 by 1.8 percentage points to 5.9%.

ADVERTISEMENT

Third of Czechs Only Have a Minimum Financial Reserve, Surve... Analysis

Third of Czechs Only Have a Minimum Financial Reserve, Surve...

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

Nippon Paper to Invest HUF 15 bln in Plant in Hungary Manufacturing

Nippon Paper to Invest HUF 15 bln in Plant in Hungary

Hungary Adopting Performance-based Financing for Arts Art

Hungary Adopting Performance-based Financing for Arts

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.