Hungary Aug.-Oct. Jobless Rate Rises

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Thursday, the Hungarian Central Statistical Office announced that the jobless rate stood at 10.4% in the August to October period, up from 10.3% in the July to September period. Economists expected the jobless rate to be 10.5%. A year ago, the jobless rate was 7.7%.

The number of unemployed totaled 440 thousand persons in the August to October period, larger than the 436 thousand persons in the July to September period.

Meanwhile, the employment participation rate stood at 55%, up from 54.9% in the July to September period.

Thursday, the Hungarian Central Statistical Office announced that the jobless rate stood at 10.4% in the August to October period, up from 10.3% in the July to September period. Economists expected the jobless rate to be 10.5%. A year ago, the jobless rate was 7.7%. (Market News Provided by RTTNews)