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Hungary Jobless Rate Edges Up to 3.4 Percent – Updated

MTI-Hungary Today 2019.08.28.

Hungary’s three-month rolling average jobless rate reached 3.4 percent in May-July, edging up from 3.3 percent in the previous three-month period, the Central Statistical Office (KSH) said on Wednesday.

Hungary Jobless Rate Edges Down to 3.3 Percent

The May-July rate was down from 3.6 percent twelve months earlier. The rate covers unemployment among those between the ages of 15 and 74. In absolute terms, there were 157,900 unemployed, 2,400 more than in the previous period and down 8,300 from a year earlier.

Meanwhile, the employment rate was 60.9 percent, up 0.6 of a percentage point. The number of employed 15-74 year-olds stood at 4,517,900, up 34,300 compared with the same period a year earlier.

The number of employed included 109,700 Hungarians in fostered work programmes and 117,800 working abroad. The number of those employed on the domestic primary labour market rose by 1.7 percent from a year earlier to 4,290,400, while the number of fostered workers dropped by 31 percent. The number of people working abroad was up 9.7 percent.

KSH defines “employed” in line with International Labour Organisation standards as anybody who worked one or more hour a week or was temporarily absent from their job during the survey week. The data also include those employed in public work schemes and those working abroad for less than one year.

featured photo: Noémi Bruzák/MTI