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Hungary jobless rate reaches 3.8 per cent
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Hungary’s rolling average three-month jobless rate reached 3.8 percent in October-December, unchanged from the previous three-month period, the Central Statistical Office (KSH) said on Tuesday.
The October-December rate fell from 4.4 percent in the same period a year earlier.
The rate covers unemployment among Hungarians between the ages of 15 and 74.
In absolute terms, the jobless number averaged 175,200 in October-December, down 2,300 from September-November and 29,800 fewer than in the same period a year earlier.
The number of employed went up by an annual 0.8 percent to 4,447,000 during the period, KSH said.
Commenting on the data, Péter Cseresnyés, state secretary of the economy ministry, noted that Hungary’s jobless rate had stood at 11.6 percent before the current government took power in 2010. Today more than 700,000 people have a job compared with seven years ago, 574,000 of whom have found employment in the private sector, he told public news channel M1.
He attributed the increase in employment figure to Hungary’s economic growth, the government’s centrally funded job protection scheme and EU funded youth employment guarantee scheme.