Unemployment rate falls further to 4.9pc
Hungary's rolling average three-month jobless rate fell to 4.9pc in June-August, the Central Statistics Office (KSH) said on Tuesday.
Budapest-MTI/ECONEWS. The rate, which covers unemployment among 15- to 74-year-olds, was down from 5.0pc in May-July and 6.7pc in the same period a year earlier. In absolute terms, there were 227,100 unemployed in Hungary in June-August, 900 less than in May-July and 76,700 less than one year earlier. The unemployment rate among 15- to 24-year-olds was down 5.4 percentage points in one year at 12.8pc. Still the age group accounted for almost one-fifth of all unemployed, KSH noted. The unemployment rate for 25- to 54-year-olds dropped 1.5 percentage point to 4.3pc and the rate among 55- to 64-year-olds was down 1.4 percentage point at 4.0pc. The average period Hungarians spent looking for work was about 18.6 months. 49.3pc of the unemployed had been seeking work for one year or more. The number of employed Hungarians during the period stood at 4,386,400, up 14,500 from May-July and up 135,500 from a year earlier. The employment rate was 58.4pc, rising from 58.2pc in May-July and from 56.4pc in June-August 2015. KSH defines "employed" as anybody who worked one or more hour a week or was temporarily absent from their job during the survey week.