KSH: May-July unemployment drops to 7.9%
Hungary's unemployment rate was 7.9% in May-July, an improvement over the same period a year ago, when unemployment was at 10.1%, according to the Central Statistics Office (KSH).
"In the observed period, the number of employed people was 4,127 thousand, 4.1% more than in the same period of the previous year. Some 4,097 thousand of employed people were aged 15–64, their employment rate was 61.8%, which was 3.1 percentage points higher than a year before," according to KSH.
Analysts note that changes in the way KSH collects and handles data may push the figures lower, but there does indeed appear to be an increase in hiring.
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.