KSH: Unemployment rate down to 8.9%

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Though November to January is not truly a standard quarterly unit for reportage of demographic figures, the Central Statistics Office (KSH) nevertheless frames its release of numbers on employment in Hungary today within the three-month period. Through January 2014, KSH thus reported the unemployment rate in Hungary at 8.9%, a substantial 2.3% decrease year-on-year.

KSH had reported 9.1% unemployment as of year’s end.

KSH also noted that 4.03 million were employed in Hungary in the three-month period, a rise of 175,000 (or 4.5%) on the period in 2012.

Additionally, the National Labor Office (NMH) reported some 437,000 registered jobseekers in January 2014, a 32.6% y.o.y. decrease in the rolls.

As always, KSH advises to apply some caution when considering KSH statistics on employment; as has been alleged, figures may or may not include the illegally-employed and those employed day-to-day.

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