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
Criminals taking advantage of online banking, Gartner says
more »
Irish buyers who have invested in Budapest in recent times will be pleased to hear that the Hungarian national airline Malev has made the city more accessible
more »
The European Union is ready to finance the closure of the Armenian Nuclear Power Plant
more »
The World Bank’s Board of Executive Directors had discussed a new Country Partnership Strategy (CPS) for the Slovak Republic for 2005-07
more »
The World Bank and the Government of Uzbekistan signed a grant agreement of US$517,000 on 10 June to support agricultural reforms in the country
more »
Hungary's inflation rate rose to 7.6 percent year-on-year in May, exceeding market expectations and trimming hopes of an early rate cut
more »
They fear balance sheets could be hit with billions of euros of potential losses from derivatives
more »
Estonia to reject TeliaSonera's offer for Eesti Telekom
more »
President Georgi Purvanov of Bulgaria received Alexei Miller, Gasprom boss, in Varna on the Bulgarian Black Sea coast
more »
Bank BGŻ (Poland) announced on Friday that two consortia are negotiating the purchase of its shares
more »