Published at: 2016-04-29 10:28 | Author: CIJ Journal
Hungary’s unemployment rate decreased to a record low of 6 percent in the first quarter of 2016, down from 7.8 percent in the same period last year, according to the Central Statistical office (KSH).
The number of unemployed averaged 272,800 between January and March, while the number of employed stood at 4,262,200.
The average length of unemployment is 18.8 months. Nearly 50 percent of those without work have been searching for a job for at at least a year, according to KSH. The youth unemployment rate decreased by 5.2 percent to 14.2 percent in Q1.
The unemployment rate in Hungary has averaged 7.89 percent between 1999 and 2016. It reached an all-time high of 11.80 percent in March 2010...

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