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Number of registered jobseekers falls to all-time low in February

The number of registered jobseekers in Hungary fell by 10,000 to 235,400 last month, an all-time low for the month of February, the state secretary for employment policy said on Friday, citing data from the National Employment Service (NFSZ).

The number of registered jobseekers fell by 4 percent from the same month a year earlier, Sandor Czomba said in a statement. Compared with 2010, the number of jobseekers has fallen by more than 420,000, he added.

Anyone who is willing and able to work can find a job in Hungary, the state secretary said, adding that wages were also rising.

Having reined in inflation, the government is now focused on achieving an economic growth rate of 4 percent, Czomba said, adding that this required restoring consumption, raising the labour market activity rate and keeping the investment rate above 25 percent.

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