Jobless rate at 3.6 percent in August

Hungary’s jobless rate was at 3.6 percent in August, edging up from 3.5 percent in the previous month but down from 4.0 percent twelve months earlier, the Central Statistical Office (KSH) said on Thursday.

The rate covers unemployment among people between the ages of 15 and 74.

In absolute terms, 176,700 unemployed were registered, 3,800 more than a month earlier but 17,400 fewer than in August 2021.

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The rolling three-month average jobless rate stood at 3.4 percent in August, up from 3.3 percent in July but down by an annual 4.1 percent.

Hungary’s current account posted a deficit of 2.63 billion euros in the second quarter of 2022, edging up by 163 millio euros from Q1 figures but jumping by 1.453 billion euros from the same period last year, the National Bank of Hungary (NBH) said in a release of preliminary data on Thursday.

Hungary had a 925 billion euro trade deficit for the quarter, the balance of a 2.829 billion euro deficit in trade of goods and a 1.904 billion surplus in trade of services.

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Source: MTI