Unemployment in Hungary

According to the latest data released by the HCSO, the Hungarian unemployment rate was 10.5% (+2.7 % from 2008) in November, while the employment rate was 55.6%. In a year 118,000 people lost their jobs. 43.3% of all unemployed people had been looking for a job for more than a year. The average time spent as 'unemployed' has somewhat fallen, probably due to short-term anti-crisis public works and people giving up on the labor market.