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Hungary's unemployment rate steady at 8 per cent

Sahil Nagpal 28 April 2008

Economy Budapest - Hungary's rate of unemployment remained steady at 8 per cent in the three-month period to March compared to the previous three-month period, the central statistical office said Monday.

Hungary employs a rolling three-month system to track unemployment.

Unemployment had risen by 0.4 percentage points in the October to December period due to Hungary's economic slowdown before coming down slightly.

Hungary is currently undergoing a slump, with economic growth slashed and inflation high due to government measures aimed at cutting the budget deficit. (dpa)

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