ADVERTISEMENT

UPDATE - Hungary jobless rate down to 10.7% in July-Sept

Tourism

The average unemployment rate in Hungary was 10.7% in the 15-74 age group in July-September, down from 10.8% in June-August and down from 10.9% one year earlier, the Central Statistics Office (KSH) said on Friday. In the 15-64 age group, the jobless rate was unchanged from the previous three-month period at 10.8% and was down from 10.9% one year earlier.

The number of unemployed in the 15-74 age group averaged 462,000 in July-September 2011, dropping 700 from June-August, but down 3,700 from a year earlier.

The number of employed within the 15-74 age group rose 19,500 from June-August and 33,400 from a year earlier to 3,855,900.

The drops in the jobless numbers and the rise in employment numbers were similar in the 15-64 age group, in which the number of unemployed stood at 461,800 and the number of those employed totaled 3,822,100 in July-September.

The activity rate in both age groups rose slightly from June-August, to 56.3% in July-September for the 15-74 age group and to 63.2% for the 15-64 age group. The activity rates for both age groups were up from 55.8% and 62.9%, respectively, from twelve months earlier.

15- to 24-year-olds accounted for 17.8% of those unemployed in July-September. The unemployment rate in this age group was 26.8%, up from 26.0% in the previous three-month period but unchanged from a year earlier.

The jobless rate for the 25-54 age group was 9.7%, down from 9.9% in June-August, and down 0.3 percentage point from a year earlier.

About 49.7% of the unemployed have been seeking jobs for a period of one year or longer, less than the 51.5% measured in the preceding three months. The average period of unemployment was 17.9 months, less than the 18.6 months in June-August.

Average unemployment in 2010 was 11.2%, up 1.2 percentage points from 2009. The rate rose from a low of 7.5% in the summer of 2008 to peak at 11.8% in the first months of 2010. The jobless rate dropped to 10.8% by autumn 2010, but rose again late 2011 before a renewed decline started early this year.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.