Hungary Jobless Rate Falls To 4.7%
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9 Articles
Hungary Jobless Rate Falls To 4.7%
Hungary's unemployment rate stood at 4.7 percent in July-September, down from 4.8 percent in the June-August period. In the corresponding period last year, the jobless rate was 4.5 percent. The number of unemployed people decreased to 229,900 in the July to September period from 234,700 in the previous three months.
In recent weeks, many have been concerned about the surge in unemployment. Some blame Fidesz, others link the process to the Tisza River. The third-quarter data was released this morning, so we can form a complete picture of the processes.
In September, 4 million 661 thousand people worked in Hungary, while the number of unemployed was 223 thousand. According to data from the Central Statistical Office (KSH), the number of employed people increased compared to August, while the unemployment rate decreased to 4.6 percent.
Worrying trends are emerging in the Hungarian labor market, and according to some indicators, finding a job is becoming increasingly difficult. According to a recent report by the Hungarian Central Statistical Office (KSH), employment remains relatively stable, but September data shows a worsening situation in several areas.
In the third quarter of this year, the average number of employed people was essentially the same as in the same period of the previous year. The post KSH: The number of employed people has increased, the number of unemployed people has decreased since August first appeared on 24.hu.
The employment situation in Hungary improved slightly in September compared to August, as 7,500 more people were employed, while the number of unemployed people decreased by 4,700. According to the latest data from the Statistical Office, the unemployment rate decreased to 4.6 percent, while the proportion of people looking for permanent jobs increased. Nearly a third of the unemployed have not been able to find work for more than a year.
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