KSH: Jobless rate drops to 6.2% in Sept-Nov

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Hungary’s official unemployment rate dropped by 1% year-on-year, decreasing by approximately 37,000 to 284,000 workers, in the period of September-November, Hungary’s Central Statistical Office (KSH) reported today.

Experts say the actual unemployment rate is higher than the official figure, which counts Hungarians working abroad and people working for the stateʼs workfare program as being employed.

According to KSH data, although the improvement was higher for women, men still had a lower level of unemployment in the period.

The figure for jobless men aged 15–74 saw a 0.9 percentage point decrease year-on-year, to 6.1% while the jobless rate of women was down 1.1 percentage points to 6.3%.

The average duration of unemployment was 18.8 months in the period, according to data from KSH, and 49.7% of unemployed individuals were among the long-term unemployed – those who have been searching for a job for one year or more.

According to the administrative data of the National Employment Service, at the end of November 2015, the total number of registered jobseekers was 351,000, which is a 14.1% decrease, compared to September-November last year, KSH reported.

KSH added that the number of employed people in Hungary was up by 118,000 to 4.273 million in the period as compared to the same period a year earlier.

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