Hungary: Unemployment at record low
ING (29.07.2019) Hungary's unemployment rate has room to improve further but the pace is likely to slow The unemployment rate of the 15–64 age group came in at 3.4% at the end of 1H19, showing a 0.2 percentage point decline in 12 months. While this marks a new record low level, the improvement is marginal. The better-than-expected reading is due to falling unemployment among women while joblessness among men stagnated. This suggests that the potential labour reserve is clearly depleting and even a marginal improvement will be really challenging.