Monday June 29, 08:37 AM
Hungarian jobless rate eases fractionally
BUDAPEST (AFP) - The Hungarian unemployment rate slipped to 9.8 percent in the period from March to May, from 9.9 percent in the three months to April, the statistics office KSH has said.
In the period from March to May 2008, the unemployment rate had stood at 7.7 percent.
The statistics office no longer publishes monthly jobless figures, owing to what it sees as an unacceptably high margin of error, but calculates unemployment on a rolling three-month average instead.
The Hungarian jobless numbers are higher than the European average: according to Eurostat data, unemployment across the entire 27-nation bloc stood at 8.6 percent in April, up from 8.3 percent in March.
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