KSH: Hungary’s jobless rate drops to 5.8% in Feb-Apr

Tourism

Hungary’s unemployment rate dropped by 1.7 percentage points to 5.8% in the period of February to April, compared to the same period a year earlier, Hungary’s Central Statistical Office (KSH) reported today. Experts maintain that the real unemployment rate is higher than the official figure, which counts Hungarians working abroad and people working for the stateʼs workfare program as employed.

The unemployment rate of 15–74 year-old men decreased by 2 percentage points to 5.6%, while that of women dropped by 1.4 percentage points to 6%, KSH data show. 

The average duration of unemployment was 18.4 months; 48.8% of unemployed people had been searching for a job for one year or more, i.e. were long-term unemployed, according to KSH.

In another report published by KSH today, the office said the number of employed people was 153,000 more than a year earlier, while the employment rate of people aged 15–64 increased to 65.6%, the improvement in the employment indicators of men was stronger.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.