Hungary’s jobless rate drops to 4.3% in Nov-Jan

Tourism

pixabay

Hungary’s unemployment rate dropped by 1.9 percentage points year-on-year to 4.3% in the November-January period, with a sharper improvement for women resulting in a level of joblessness among women even lower than that of men, according to a first release of data from the Central Statistical Office (KSH).

The unemployment rate among men aged 15–74 dropped by 1.6 percentage points to 4.4%, while that of women declined by 2.2 percentage points to 4.1%, in the November-January period, compared to the corresponding three-month period a year earlier. The unemployment rate in the 15–24 age group decreased by 3.1 percentage points to 11.1%, although every fifth unemployed person still belonged to this age group. 

The average duration of unemployment was 18 months; 46.8% of unemployed people had been searching for a job for one year or more, i.e. were long-term unemployed, according to the KSH.

In the period concerned, the number of people in employment totaled 4.4 million, 161,000 more than a year earlier. The employment rate among people aged 15–64 increased to 67.4%, with stronger improvement in the employment indicators of women, KSH data show.

ADVERTISEMENT

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auctio... Debt

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auctio...

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

MOL Signs Antwerp Declaration for a European Industrial Deal Deals

MOL Signs Antwerp Declaration for a European Industrial Deal

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.