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HUNGARY MAY JOBLESS RATE 4.3%v

 

Hungary’s jobless rate was 4.3% in May, edging down from 4.4% in April, the Central Statistical Office (KSH) said. The rate covers unemployment among people between the ages of 15 and 74. In absolute terms, there were 212,000 unemployed in May. The number of jobholders was 4,749,000 in May, 36,000 more than twelve months earlier. In the March-May period, the average number of employed in the age group was 4,745,000, 41,000 more than in the same period a year ago. Commenting on the data, Sándor Czomba, the state secretary for employment policy, said employment and the number of economically active people had both increased compared with the same period last year, while the number of registered jobseekers is at an all-time low. The state secretary said economic activity continued to expand, which helped boost employment and economic output. He attributed the drop in unemployment to the fact that those entering the labour market were able to find work almost immediately. He noted the government’s aim of increasing the labour activity rate in the 20-64 age group from the current 81 percent to 85 percent by mobilising the domestic labour market reserves of around 300,000 people.