Hungary jobless rate up at 11.6pc in January-March

The number of unemployed in the age group totalled 489,800 in the first quarter of 2011, up 2,800 from the previous three-month period and down 8,000 from January-March 2010. The jobless rate rose for the fourth consecutive period after dropping to 10,7pc in September-November last year. The unemployment rate bottomed out at 7,5pc in the summer of 2008 and rose to peak at 11,8pc in the first months of 2010. The drop which followed slowed since May-July. The jobless rate for the 15-64 age group was 11,7pc in January-March 2011, up from 11,6pc in December 2010-February 2011 and down from 11,9pc registered in January-March 2010 when the rate for this age group peaked. Average unemployment in 2010 was 11,2pc, up 1,2 percentage points from 2009.

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