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
Vladimir Putin, the Russian president, is deliberately trying to destroy the economic empire of Mikhail Khodorkovsky, the detained founder of oil giant Yukos, a senior European Union official said yesterday
more »
Frazer Institute ranks Lithuania as offering the same economic freedom as France
more »
The government has spent the E8.9 million allocated under the 2004 Transition Facility
more »
German software dealer Ralf Blasek was convicted of fraud and sentenced to five and a half years in jail Thursday for selling cheaper versions of Microsoft products at inflated prices
more »
Austria's OMV AG announced an estimated $1.8 billion deal Friday to gain a controlling stake in Petrom, Romania's state-owned oil company
more »
Visteon Corporation, a leading global automotive supplier, was recognized as being one of the most important investors in the Czech Republic
more »
John Varney plays down threat of blank screens as union prepares to strike
more »
European stocks fell, paced by technology companies such as Nokia Oyj and ASML Holding NV, amid concern earnings and sales growth will slow
more »
The Russian government on Thursday announced the auction of its $1.7bn stake in Lukoil
more »
Last year IKEA bought 60% of all furniture made in Lithuania and will increase its orders for 2004
more »