Hungary May To July Jobless Rate Rises

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Thursday, Hungary's Central Statistical Office announced that the jobless rate stood at 9.7% in the May to July period, up from 9.6% in the April to June period. The jobless rate came in line with economists' expectations.

At the same time, the number of unemployed persons totaled 0.407 million, larger than the 0.401 persons in the April to June period. Employed persons increased to 3.81 million from 3.79 million.

Meanwhile, employees participation rate stood at 54.8 in the May to July period, slightly higher than the 54.6 in the April to June period.

On August 24, the Hungarian central bank had reduced its key interest rate by 50 basis points to 8%.

Thursday, Hungary's Central Statistical Office announced that the jobless rate stood at 9.7% in the May to July period, up from 9.6% in the April to June period. The jobless rate came in line with economists' expectations. (Market News Provided by RTTNews)