Hungarian Unemployment High, But Slight Downward Trend

BusinessEconomy ♦ Published: February 2, 2013; 13:36 ♦ (Vindobona)

Hungarian Ministry of Economics: “Unemployment up in the EU but trend continues down in Hungary.”

Hungarian Unemployment High, But Slight Downward Trend / Picture: © Vindobona.org

The euro-zone unemployment data for December 2012 published by the Eurostat were more favourable at 11.7 percent than the consensus estimate of Reuter’s analysts (11.9 percent). As of June 2010 the unemployment rate in Hungary has declined -- albeit slowly but steadily -- altogether by 0.4 percent, whereas the corresponding EU rate which was initially lower has continued to…

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