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Hungary Jobless Rate Steady at 3.5 percent

MTI-Hungary Today 2020.01.07.

Hungary’s three-month rolling average jobless rate was 3.5 percent in September-November, unchanged from the previous period, the Central Statistical Office (KSH) said on Tuesday.

A year earlier, the unemployment rate was 3.6 percent.

In absolute terms, there were 163,300 unemployed during the period, 300 fewer than in the previous month, but 5,400 fewer than twelve months earlier.

The data covers unemployed 15-74 year-olds.

KSH noted that the unemployment rate in the 15-24 age group stood at 13.2 percent, accounting for more than a quarter of the total. That of 25-54 year-olds was 3 percent and for the 55-74 age group it was 1.6 percent.

Out-of-work Hungarians spent 10.6 months on average looking for employment during the period, and 30.5 percent of the unemployed had been seeking work for one year or longer.

Meanwhile, in September-November, the average number of employed rose by 23,000, or 0.5 percent, to 4,517,000.

Featured photo illustration by János Vajda/MTI