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
Hong Kong has surpassed Singapore to become the least bureaucratic region in Asia
more »
The Polish central bank raised its key interest rates by a quarter percentage point, a statement said
more »
The Slovakian finance ministry has raised its 2004 forecast for economic growth to 4.7%, from 4.1%, officials said
more »
Romanian Prime Minister Adrian Nastase has said he expects the economy to grow by 7 percent year-on-year in 2004
more »
Staff Writer Court marshals have given Yukos a month to pay off its $3.4 billion tax bill, raising faint hopes that the company may stave off bankruptcy
more »
Global oil prices were down slightly as of late in the day on 29 July after the Russian Justice Ministry backed away from efforts to force embattled oil giant Yukos to stop selling oil
more »
The Irish low-cost carrier Ryanair, in its first foray into the expanded European Union, has introduced three new routes between Rīga and the United Kingdom, Finland and Germany
more »
A police crackdown on bus traffic in the Czech capital caught 10 drunk bus drivers in a single day, police said Wednesday
more »
The Moscow City Court on Tuesday upheld the Basmanny court's ruling to freeze the Swiss bank accounts of the Yukos oil company's main trader Petroval and remove the trader's documents
more »
The European Union and Russia have signed an agreement on steel supplies that introduces amendments to the 2002 accord
more »