Hungary Jobless Rate Falls

Hungary’s rolling average three-month jobless rate fell to 4.4% in March-May from 4.6% in the previous period, the Central Statistical Office, or KSH, said on Wednesday, MTI reported. The rate which covers unemployment among 15-74 year-olds was lower than 5.5% in the same period a year earlier. In absolute terms, there were 203,100 unemployed in Hungary in March-May, 5,900 less than in February-April and 47,600 less than in the same period a year earlier. The unemployment rate among 15- 24 year-olds stood at 10.8%, down by 3.0 percentage points from a year earlier. Still, the age group accounted for about one-sixth of all unemployed, KSH noted. The unemployment rate for 25-54 year-olds dropped by 1.1 percentage points to 3.9% and the rate among 55-64 year-olds was basically unchanged at 4.2%. Peter Cseresnyes, state secretary of the economy ministry in charge of employment, told public television that there were nearly 700,000 more people in jobs than in 2010.