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Number of job seekers rises to 684,000 in January - NFSZ

The number of registered job-seekers in Hungary rose 15.7% or 93,000 in January from the previous month to exceed 684,000, fresh data published by the National Employment Service (NFSZ) show.

The number of job-seekers at the end of January was up 4.8% or 31,300 from the same period a year earlier.
Even according to seasonally-adjusted data, the number of job-seekers was 36,000 higher in January than in December 2010.
The increase took place in spite of the fact that the number of new jobs announced in January rose 132.9% or 21,100 from the previous month to 37,000.
The number of registered job-seekers also rose significantly in a month-on-month comparison, by 35,000, in December 2010, however, the figure still showed a decline in a year-on-year comparison.
NFSZ said the extent of the increase exceeds the usual January rise because the "new public employment system was not fully started by the January 20 closing date".
Almost 179,000 of the job-seekers had looked for employment for more than a year in January, up 4.6% from the previous month and up 9.2% yr/yr.
Around 66.7% of the new jobs were subsidized in some form by the state. (Econews)