The must-have newsletter about Hungary

Related Articles

HUNGARY JOBLESS RATE 3.5% IN FEB-APR

 

Hungary’s three-month rolling average jobless rate was 3.5% in February-April, down from 3.6% in the previous three-month period, the Central Statistical Office (KSH) said. The February-April figure, which covers unemployment among 15-74 year-olds, was down from 3.8% in the same period of the previous year. In absolute terms, there were 162,400 unemployed, 3,300 fewer than in the previous period and down 14,600 from a year earlier.

The unemployment rate in the 15-24 age group stood at 10.8%. The unemployed in this age group account for more than one-fifth of all jobless, KSH noted. Jobless Hungarians spent about 14 months on average looking for employment during the period. In the same period, the employment rate was 60.5%, up by 0.8 of a percentage point. The number of employed stood at 4,491,600 among 15-74 year-olds, 46,700 more than in the same period a year earlier.

The number of employed included 117,500 Hungarians in fostered work schemes and 115,400 working abroad. The number of those employed on the domestic primary labour market rose by 1.6% from a year earlier to 4,258,700, while the number of fostered workers dropped by 25.5%. The number of those working abroad was up 18.8%.

Finance Minister Mihály Varga, commenting on the data, said that in terms of its jobless data, Hungary, alongside Poland, ranks fourth among the European Union’s 28 member states. He told a press conference that Hungary’s employment data is also robust, noting that the Feb-Apr data show that more than 47,000 jobs were added to the market year on year. The data also show “there are fewer and fewer job-seekers today in Hungary who have not found a job for themselves,” he added.