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Hungary: unemployment drops to record-lows in March-May
Companies may face issues in finding labour force
28 June, 14:43
(ANSA) - BELGRADE, 28 GIU - The unemployment rate in Hungary
dropped to a record-low of 3.7 per cent in the period March-May
2018, 0.7 percentage points less than a year earlier or 32,000
unemployed persons less, the Hungarian Central Statistical
Office (KSH) said in a note today.
The KSH said in a separate release that also 64,000 more people were employed than a year earlier in the period March-May 2018, bringing the employment rate of people aged 15-64 to 69.1%, +1.5% year-on-year.
Analysts from ING underlined that the drop in unemployment in Hungary reached "an all-time low" in March-May 2018 with 170,000 unemployed, -6,300 only between April and May.
ING said that the low level could create problems for business in finding employees. "Despite the companies' complaints, they are still able to find labour force. However, we see this becoming a challenging situation quite soon," ING said in a note. (ANSA).
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The KSH said in a separate release that also 64,000 more people were employed than a year earlier in the period March-May 2018, bringing the employment rate of people aged 15-64 to 69.1%, +1.5% year-on-year.
Analysts from ING underlined that the drop in unemployment in Hungary reached "an all-time low" in March-May 2018 with 170,000 unemployed, -6,300 only between April and May.
ING said that the low level could create problems for business in finding employees. "Despite the companies' complaints, they are still able to find labour force. However, we see this becoming a challenging situation quite soon," ING said in a note. (ANSA).
