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Hungary jobless rate unchanged at 11.0% in June-August

Hungary's average unemployment rate was 11.0pc in the 15-74 age group in June-August, unchanged from May-July, although still up 1.1 percentage points from a year earlier, the Central Statistics Office (KSH) said on Tuesday.

The number of unemployed rose after dropping each three-month period since February-April this year. The number of employed also rose, however, rising now for the fifth time in a row after drops registered since August-October last year.

    The unemployment rate bottomed out at 7.5pc in the summer of 2008 and rose to peak at 11.8pc in January-March and February-April this year. The drop slowed in May-July from the two previous three-month periods.

    The jobless rate for the 15-64 age group was 11.1pc in June-August, also unchanged from May-July, after steady drops from a 11.9pc peak reached in Q1 2010.

    The number of unemployed in the 15-74 age group rose by 3,400 from May-July to 470,600 and was up by 51,800 from a year earlier.

    The number of employed rose by 15,000 from the previous three-month period to 3,804,400 in June-August in the 15-74 age group. The number was up 4,200 in one year, in the first yr/yr rise in at least two-and-half years. (MTI-Econews)