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Hungary unemployment rate 9.8% in March-May

Hungary's average unemployment rate was 9.8% in March-May, the Central Statistics Office (KSH) said on Monday.

The unemployment rate was down from 9.9% in February-April, and jumped from 7.7% in the same period a year earlier. The rate was the same for both the 15-74 and the 15-64 age group.

The average number of unemployed was 409,700 in the 15-74 age group in March-May, down 2,100 from February-April. The number of unemployed rose 86,300 in a year.

The unemployment rate was between 7.5% and 7.8% for much 2008, but started to rise sharply in the fourth quarter because of the financial and economic crisis. (MTI-Econews)