The rolling average three-month jobless rate fell to 4.9 percent in June-August, the Central Statistical Office has said. Analysts said the improvements on the labour market indicated an economic recovery, but warned that increasing labour shortages would sooner or later become an obstacle to development. Minister of National Economy Mihály Varga said that not since 1992 have there been so many people in work. Varga said the jobless rate would fall further as companies plan to expand capacity. Meanwhile, the low price of raw materials is helping economic growth and the kick-start to house building is improving the performance of the construction industry, he said. Further, the utilisation of European Union funding was intensifying.