Regional jobless rate disparity suggests low labor mobility

HR

Photo by Pressmaster/Shutterstock.com

Regional jobless rate disparities suggest labor mobility remains an issue in Hungary, even as some areas face a labor market squeeze, according to a report by state news wire MTI.

County-level data released by the Central Statistical Office (KSH) show unemployment stood as high as 11.3% in Nógrád County, in the north of the country, in the second quarter and as low as 1.2% in Tolna County, in the southwest.

The jobless rates in Hungary's easternmost counties ranged from 7% in Békés County to 9.4% in Szabolcs-Szatmár-Bereg County.

In the northwest of the country, jobless rates stood at 1.4% in Győr-Moson-Sopron County and at 1.9% in Fejér County.

In Budapest, the jobless rate was 3% in Q2.

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Spar Magyarország Revenue Climbs Close to 16% in 2023 Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

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.