BUDAPEST – Unemployment rate hits 4.6%

The average number of unemployed people in Hungary from June to August 2020 was 214,000, while the unemployment rate stood at 4.6% during the same period, according to data published by the Central Statistical Office (KSH).

Compared to same period for 2019, the unemployment rate increased by 1.2% while the number of unemployed rose by 58,000.

This is 0.3% lower than the previous figure – the first improvement since the end of 2019. While most unemployed people are between the age of 15 and 24, more women (5%) than men (4.2%) are unemployed.

The average duration of unemployment in Hungary is 9.8 months and 25.9% of unemployed people had been looking for a job for one year or more.(Željko Trkanjec | EURACTIV.hr)

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