BUDAPEST (Reuters) - Hungary's rolling three-month unemployment rate rose to an average of 4.8% in May-July from 4.6% in the April-June period, the Central Statistical Office (KSH) said on Friday.
It noted that the ranks of the jobless declined by 23,000 from June to July. In July the jobless rate was 4.7%, below the three-month rolling average. A month earlier, jobless numbers were still on the rise.
The novel coronavirus pandemic has hit Hungary's economy as badly as many other countries as a lockdown was in place from mid-March and lifted gradually since early May.
The government expects a 5% economic contraction in 2020 and a rebound in growth in 2021.
(Reporting by Marton Dunai)