Hungary's unemployment rate rose to 6.9 percent at the end of February, official figures showed Wednesday
Published:
31 March 2005 y., Thursday
Hungary's unemployment rate rose to 6.9 percent at the end of February, official figures showed Wednesday.
The jobless rate rose from 6.6 percent in January and represents more bad news for the unpopular Socialist led government. Although Hungary's jobless rate is low by regional standards the country continues to be plagued by large scale, long-term unemployment.
Long-term unemployment, defined as joblessness lasting for a year or more, represented 44 percent of the total. The average duration of unemployment in Hungary is 16 months.
Hungary also has a very low rate of labor participation as a proportion of the working-age population. The proportion of people of working age who were employed was just 50.2 percent compared with 50.5 percent at the end of February last year.
Šaltinis:
UPI
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Hungarian Government Makes Another Effort to Sell Its Troubled Malev Airlines
more »
Uzbekistan plans to achieve growth of gross domestic product by 7% in 2005
more »
Parex Assets Management (PAM), an asset management company owned by Parex Bank, has established a subsidiary in Ukraine, Parex Asset Management Ukraine, to launch the fund management operations there by the end of the year
more »
Since September 1 the banking rate in Armenia remains unchanged at 16% annually
more »
Armenian Dram Increases By 0.10% Against U.S. Dollar In August
more »
Over 53,000 private entrepreneurs with a license and a registration number and over 14,000 enterprises, making up 79% of the total number of registered legal entities in the country, were registered in the private sector of the economy in 2003
more »
The first highway that will answer the international standards, is being constructed in the Western Kazakhstan
more »
The euro zone continues to experience a jobless recovery, with no indication that new jobs are being created after more than a year of generally sluggish economic growth
more »
Russia's enclave on the Baltic sea, the Kaliningrad region will sustain losses from Lithuania upping prices on railway transit of fuel and lubricants along its territory
more »
Leading Dutch bank Rabobank will likely become a strategic investor in state-owned BGŻ, a bank servicing mainly the agriculture sector
more »