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29th March, 2018

Jobless rate remains at record low

The unemployment rate in December-February remained at the all-time low first seen in November-January, Central Statistics Office data published on Wednesday show.

The unemployment rate fell sharply on the year in December-February as employment increased dynamically over the same period. The number of unemployed dropped to 177,700, down from 202,500 a year earlier, bringing the unemployment rate down to 3.8% from 4.4%.

The combined rate of those unemployed and working in budget-funded schemes was 7.4% in December-February, down from 8.9% a year earlier, Portfolio said based on its own calculations.

The number of those in employment was 4,441,100 in December-February, up by 70,000 from a year earlier. That was mostly the result of jobs opening in the private sector since the number of those employed in budget-funded schemes fell by 40,000.

Out of the total, 4,182,000 worked in the private sector, 164,900 in the public sector and 94,100 were Hungarian workers posted abroad. The number of those posted abroad fell by 20,000 to 94,100. It is unclear whether the decline was due to their returning home or the number fell because they have terminated their Hungarian address, Portfolio noted.

The number of male unemployed fell to 87,000 from 111,000 and their unemployment rate decreased to 3% from 4.5%. The female unemployment rate remained at 4.3%. The average length of unemployment decreased to 14.9 months. Among the unemployed, 38% had no job for over a year. (ksh.hu; ksh.hu; napi.hu; portfolio.hu)
29th March, 2018

More Hungarians working in Slovakia

Hungarians are now the third largest group of foreigners working in Slovakia, head of the labour, social and family centre Marian Valentovic told Uj Szo, a Hungarian-language daily in Slovakia.

Hungarians number 5,000, up from 4,000 a year ago, Valentovic said. Their number has even surpassed that of the Czechs, who number 4,800.

The number of foreigners working legally in Slovakia has reached 50,500, up from 37,500 a year ago, Valentovic said. The highest number of foreign workers, 12,000, arrived from Serbia, twice as many as a year earlier. The number of Romanians rose by 1,000 to 8,700. (ujszo.com)

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