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Unemployment rate 7.5% in February-April

The average number of unemployed was 318,500 in February-April 2006 resulting in an unemployment rate of 7.5%, the Central Statistics Office (KSH) reported on Friday.

The unemployment rate slipped from 7.7% in the previous three-month period and rose from 7.2% in February-April 2005. KSH calculates the jobless rate in line with ILO standards. Hungary's harmonized unemployment rate in March was 7.6%, under the respective EU average of 8.6% and the EU-15's rate of 7.7%.
The number of employed averaged 3.908 million in February-April 2006, up 22,800 from the previous three months period and up 33,200 compared to the same period a year earlier. The number of unemployed in the period was down 5,100 from between January-March 2006 and rose 18,400 from the same period a year earlier.
In February-April, 19% of the unemployed were between 15 and 24 years of age. The unemployment rate in this age group was 18.5% in the period, down 0.8 percentage points from the same period a year earlier.
Long-term unemployment rose 1.2 percentage points, meaning that 45.3% of all unemployed was searching for work for one year or longer in the period. The average time spent out of work rose to 16.3 months from 15.8 months in January-March.
The participation or activity rate of the population between 15 and 74 years of age was 54.7% in February-April, up form 54.5% from the previous three months, and rose 0.6 percentage points from a year earlier.