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
Dutch company plans EUR 100 million investments into real estate development in Lithuania
more »
Klaipeda FEZ expects at least six new investors and EUR 116 million investments this year
more »
Richmond is back on track to deliver full year profit target despite a disappointing half year profit result
more »
TeliaSonera Finland Steps Up Market Efforts -- Launches Independent Service Provider
more »
Japanese outfit Softbank Corp faces being sued after confidential information regarding 4.6m of its punters leaked out in March
more »
The euro weakened against the dollar for the first day in three in Asia on expectations a report today will show investor confidence in Germany
more »
In just 12 years, St. Petersburg-based Baltika has become Europe's biggest brewery and the continent's No. 2 brand of beer
more »
Time-limited deposits aimed at middle; other banks say concept's old
more »
U.S. oil prices hit an all-time record high Thursday amid concerns over thin gasoline supplies ahead of peak demand driving season and tight global crude stocks
more »
Lithuania's A3 ratings and positive outlook reflect strengthened public-sector finances
more »