FOREX TradingCharts.com

Financial News: Hungary Jobless Rate Climbs Further

Hungary Jobless Rate Climbs Further

06/29/2020 - 06:31:00 (RTTNews)

(RTTNews) - Hungary's jobless rate rose to its highest level in nearly two years during the March to May period, when the coronavirus pandemic caused severe economic disruption in the country and across Europe, data from the Hungarian Central Statistical Office showed on Monday.

The jobless rate rose to 4.1 percent during the March to May period from 3.8 percent during the February to April period.

A similar higher rate of unemployment was recorded in the three months ended in September 2017.

The economic consequences of the coronavirus, or Covid-19, epidemic have already affected the study period in its entirety, so its effects are reflected in the reported unemployment data, the agency said.

The number of unemployed persons increased by 29,800 persons year-on-year to 190,200 during March to May. In the previous three months, the number of jobless were 174,100 persons.

The youth unemployment rate for the 15-24 age group rose by 1.3 percentage points annually to 12.4 percent in the three months ended May.

The employment rate fell slightly to 59.4 during March to May 59.9 in the preceding three months.

In the month of May, the average number of unemployed people rose by 28,000 persons monthly to 215,000. Compared to a year ago, the number of unemployed grew by 55,000 persons.

The unemployment rate rose by 0.6 percentage point monthly, and by by 1.2 percentage points annually, to 4.7 percent in May.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: Germany Industrial Production Data Due (12 min(s), 58 sec(s) ago)
(RTTNews) - Industrial production from Germany and house prices from the UK are due on Tuesday, he ...Full Story»

Fed's Bostic Warns US Recovery May Be Stalling: FT (20 min(s), 58 sec(s) ago)
(RTTNews) - US economic recovery may be "leveling off" as activity could be dampened amid a recent ...Full Story»

Australia Keeps Interest Rate, QE Unchanged (55 min(s), 58 sec(s) ago)
(RTTNews) - Australia's central bank maintained its key interest rate and the target yield on ...Full Story»

Australia Performance Of Services Index Slips In June - AiG (24 min(s), 02 sec(s) ago)
(RTTNews) - The services sector in Australia continued to contract in June, and at a slightly fast ...Full Story»

Japan Household Spending Tumbles 16.2% In May (08 min(s), 02 sec(s) ago)
(RTTNews) - The average of household spending in Japan was down 16.2 percent on year in May, the M ...Full Story»

South Korea Has $2.29 Billion Current Account Surplus (34 min(s), 02 sec(s) ago)
(RTTNews) - South Korea had a current account surplus of $2.29 billion in May, the Bank of Korea s ...Full Story»

Australia Rate Decision On Tap For Tuesday (19 min(s), 02 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story»

Polish Central Banker Lon Sees Rates At Record Low Through 2021 (45 min(s), 02 sec(s) ago)
(RTTNews) - Raising interest rates in the second half of this year or even next year would be too ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: Germany Industrial Production Data Due

07/07/2020 - 01:28 AM (RTTNews)
(RTTNews) - Industrial production from Germany and house prices from the UK are due on Tuesday, he ...Full Story>>

Fed's Bostic Warns US Recovery May Be Stalling: FT

07/07/2020 - 01:20 AM (RTTNews)
(RTTNews) - US economic recovery may be "leveling off" as activity could be dampened amid a recent ...Full Story>>

Australia Keeps Interest Rate, QE Unchanged

07/07/2020 - 00:45 AM (RTTNews)
(RTTNews) - Australia's central bank maintained its key interest rate and the target yield on ...Full Story>>

Australia Performance Of Services Index Slips In June - AiG

07/06/2020 - 20:05 PM (RTTNews)
(RTTNews) - The services sector in Australia continued to contract in June, and at a slightly fast ...Full Story>>

Japan Household Spending Tumbles 16.2% In May

07/06/2020 - 19:49 PM (RTTNews)
(RTTNews) - The average of household spending in Japan was down 16.2 percent on year in May, the M ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.