Hungary 3-month Jobless Rate 4.6 % at end-June

Hungary’s three-month rolling average jobless rate up to end-June was 4.6 percent, 0.5 percentage point higher than the previous three-month period and up 1.3 percentage points from twelve months earlier, the Central Statistical Office (KSH) said on Wednesday.

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

In absolute terms, there were 214,200 unemployed, 24,000 more than in the previous month and up 58,700 from a year earlier.

Continuing a practice started a month earlier in connection with the coronavirus crisis, the KSH released data for the month of June alone showing the average number of jobless stood at 240,000, lifting the unemployment rate to 5.1 percent. In absolute terms, the number of jobless rose by 25,000 from May and was up 92,000 from the same month a year earlier.

The three-month rolling average number of employed stood at 4,408,200 among 15- to 74-year-olds in June, 102,600 fewer than in the same period a year earlier. The employment rate was 59.5 percent, down from 60.8 percent a year earlier.

The number of employed included 80,700 Hungarians in fostered work programmes and 98,000 working abroad. The number of those employed on the domestic primary labour market fell by 1.3 percent from a year earlier to 4,229,600, while the number of fostered workers dropped by 25.8 percent.

Featured photo illustration by Csaba Jászai/MTVA

Source : hungarytoday.hu