Jobless Rate In Hungary Falls To 6.7% In June -Aug
- 29 Sep 2015 4:35 AM
The average unemployment rate in Hungary edged down to 6.7% in June-August, the Central Statistical Office (KSH) said. The jobless rate for Hungarians between the ages of 15 and 74 was down from 6.8% in May- July and 7.7% in the same period a year earlier. In absolute terms, the number of unemployed averaged 303,800 in June-August. There were 2,984,400 economically inactive Hungarians— those neither employed nor seeking work—in the age group during the period, down from 3,111,000 a year earlier.
At the same time, the activity rate rose to 60.4% from 58.9%. K&H Bank chief analyst Dávid Németh said the unemployment rate was likely to be below 7% in the rest of the year and he said it would average around 7% in the full year.
Erste analyst Vivien Barczel also forecast the average annual rate at around 7%. Although the rate could edge up a couple of tenths of a percentage point in the coming months, it would not reach 7%, she added.
Source www.hungarymatters.hu - Visit Hungary Matters to sign-up for MTI’s twice-daily newsletter.
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