Unemployment stuck in a rut
The rate of unemployment in November remained unchanged from the previous month, at 18.7 percent. According to Minister Hausner, the number of people without jobs has fallen to 2,943,000, which means that an additional 5,000 people have found work since October. The Minister stressed that a fall of this order in the November figures was unprecedented.
At the beginning of November, Minister Hausner said that the unemployment rate would rise by less than 10,000 people, which translates into a 0.1 percentage-point growth in the unemployment rate. The Minister's forecast for the end of the year says that the unemployment rate will not exceed 17.5 percent, with less than 2.5 million people officially out of work.
Although much lower, the unemployment rate in the EU and the euro zone has displayed similar fluctuations. In the EU the unemployment rate was 8.9 percent in October, compared with nine percent in September, whereas in the euro zone there was no change, with the rate remaining at 8.9 percent in both months.
(A.B., ISB)
At the beginning of November, Minister Hausner said that the unemployment rate would rise by less than 10,000 people, which translates into a 0.1 percentage-point growth in the unemployment rate. The Minister's forecast for the end of the year says that the unemployment rate will not exceed 17.5 percent, with less than 2.5 million people officially out of work.
Although much lower, the unemployment rate in the EU and the euro zone has displayed similar fluctuations. In the EU the unemployment rate was 8.9 percent in October, compared with nine percent in September, whereas in the euro zone there was no change, with the rate remaining at 8.9 percent in both months.
(A.B., ISB)
