Hungary - No sign of labour market weakness - October 31, 2019

The Hungarian unemployment rate increased marginally, on seasonal factors. The unemployment rate for the 15-64 age group came in at 3.5% in September, up 0.1 ppt month-on-month. Developments of recent months reveal a minor upward trend that, however, has nothing to do with the signs of a slowdown seen in the real economy. Seasonally adjusted data is stable. The number of employed remained above 4.44 million.

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