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KSH: Hungaryʼs jobless rate reaches 7.7%

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The average unemployment rate in Hungary of those between the ages of 15 and 74 was 7.7% in December-February, down from 8.4% in the same period a year earlier, however, up from 7.4% in November-January, the Central Statistics Office (KSH) reported today.

The number of unemployed averaged 345,600 in December-February, up by 15,400 from the previous three-month period and down 24,000 from the same period a year earlier. According to KSH, a total of 46.6% of the unemployed were registered jobseekers for one year or more. The average time spent looking for work was 17.8 months.

The data includes those employed in public work schemes and those working abroad for less than one year.

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