KSH: Hungaryʼs jobless rate drops to 5.1%

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Hungaryʼs jobless rate dropped by 1.8% to 5.1% in the April-June period, as compared to the same period a year earlier, Hungary’s Central Statistical Office (KSH) announced today in a report. Experts maintain that the real unemployment rate is higher than the official figure, which counts Hungarians working abroad and people on workfare as employed.

The number of unemployed people was 234,000, coming 76,000 fewer than a year earlier, data by KSH show.

The unemployment rate of 15–74 year-old men dropped by 1.4 percentage points to 5.3%, while that of women declined by 2.2 percentage points to 4.9%, according to KSH.

The average duration of unemployment was 18.9 months; 49.5% of unemployed people had been searching for a job for one year or more, i.e. were long-term unemployed, KSH reported.

According to the administrative data of the National Employment Service, the total number of registered jobseekers dropped by 20.5% to 292,000, KSH noted.

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