Hungarian unemployment rate drops to 5.5%

29 June 2016

The unemployment rate among Hungarians between 15 and 74 years old fell to 5.5 percent between March and May, according to the Central Statistical Office. The unemployment rate for career-starters between 15 and 24 year olds stood at 13.8 percent, while the unemployment rate for Hungarians between 25 and 54 year olds was 5 percent. The average time spent looking for a job between March and May was 18.2 months. However, 47.5 percent of those who were unemployed had been looking for work for at least a year.

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