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Hungary jobless rate 3.5 pc

Hungary jobless rate 3.5 pc

Hungary’s three-month rolling average jobless rate was 3.5 percent in August-October, unchanged from the previous three-month period and down from 3.7 percent a year earlier, the Central Statistical Office (KSH) said on Wednesday.

The rate covers unemployment among those between the ages of 15 and 74. In absolute terms, there were 163,600 unemployed, 1,100 more than in the previous period but down 9,300 from a year earlier.
Jobless Hungarians spent about 11.2 months on average looking for employment during the period, and 32 percent of the unemployed had been seeking work for one year or longer.

The number of employed stood at 4,520,500 among 15 to 74 year-olds, 18,400 or 0.4 percent more than in the same period a year earlier. The employment rate was 60.9 percent, up 0.3 percentage points.