Hungary’s unemployment rate fell by 1.6 percentage points to 5.5% in the period of March to May, compared to the same period a year earlier, Hungary’s Central Statistical Office (KSH)
The unemployment rate for 15-74 year-old men fell by 1.7 percentage points to 5.4%, while the unemployment rate of women fell by 1.5 percentage points to 5.6%, KSH reported. The average duration of unemployment was 18.2 months, and 47.5% of unemployed individuals have been searching for a job for one year or more, as per KSH’s data.
The number of registered job seekers at the end of May in Hungary fell by 20.2%, compared to the same period a year earlier, according to data published on June 22 by the National Employment Office (NFSZ).
The number of employed increased by 149,000 to 4,31 million, with the majority of the jobs created in the private sector. Over the last six years, the figure has risen by 600,000 in total and by 380,000 in the private sector, the Economy Ministry said.
