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Financial News: Hungary Jobless Rate Rises To 4.4%

Hungary Jobless Rate Rises To 4.4%

01/26/2024 - 08:09:00 (RTTNews)

(RTTNews) - Hungary's unemployment rate increased marginally during the October-December period, data from the Hungarian Central Statistical Office showed on Friday.

The unemployment rate rose to 4.4 percent in October-December from 4.3 percent in September-November.

In the same period last year, the jobless rate was 3.9 percent.

The number of unemployed persons increased to 219,800 in the October-December period from 212,400 in the previous three months.

The youth unemployment rate, which applies to the 15-24 age group, was 14.7 percent in the three months that ended December.

The employment rate fell marginally to 64.9 percent in October-December from 65.1 percent in the prior month.

The data also showed that the monthly unemployment rate remained stable at 4.2 percent in December.

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