Jobless rate reaches 3.5 pc in July

Hungary’s jobless rate reached 3.5 percent in July, rising from 3.3 percent in the previous month but down from 3.9 percent twelve months earlier, data released by the Central Statistical Office (KSH) on Thursday show.

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

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In absolute terms, there were 172,900 unemployed, 12,600 more than a month earlier but 16,400 fewer than in July 2021.

The rolling three-month average jobless rate stood at 3.3 percent in July, up from 3.2 percent in June but down from 4.1 percent twelve months earlier.

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Source: MTI