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Hungary: Unemployment Rate is on the Decline

2020. szeptember 29.

ING Think

The labour market has continued to improve after the initial pandemic-induced shock. However, second-round effects will hit the market in the autumn as will a second wave of Covid-19. According to the latest set of data released by the Hungarian Central Statistical Office, the official unemployment rate in the June–August period stands at 4.6% in the 15–64 age group. This is 0.3 percentage points lower than the previous figure - the first improvement since the end of 2019. Despite positive developments in the summer, the rate of joblessness is still 1.3ppt higher than it was a year ago.

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