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Hungary: Official Unemployment Rate Below 10%

Published: September 27, 2013; 20:15 · (Vindobona)

Hungary´s statistical office KSH has published the newest labor market data today. The real labor market conditions in Hungary are expected to be substantially worse.

Hungary: Official Unemployment Rate Below 10% / Picture: © Flickr

KSH today reported that unemployment came at 9.9% in September. This about 0.5 percentage points below the level of 2012, KSH noted. The employment quota was up 2.1 percentage points to 65.3%, KSH states.

According to local reporters, the official unemployment quota does not reflect the economic reality. In the private sector, about 75,000 jobs were cut in the last 12 months,…

This article includes a total of 99 words.

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