ADVERTISEMENT

Unemployment rate at 3.3% in Q4 2019

Tourism

Photo by Fizkes / Shutterstock.com

The average unemployment rate in the last quarter of 2019 stood at 3.3%, with the average number of unemployed people amounting to 155,000, according to data by the Central Statistical Office (KSH).

Photo by Fizkes/Shutterstock.com

In the last quarter of 2019, unemployment among 15–74-year-old men fell to about 82,000 and the unemployment rate to 3.2%. The number of unemployed women amounted to approximately 74,000, with the unemployment rate standing at 3.5%

Among people aged 15–24, the number of unemployed increased to 40,000 and their unemployment rate by 2.1 percentage points to 12.2%. More than a quarter of the unemployed belonged to this age group, according to KSH. The unemployment rate of the 25–54 age group decreased to 2.9%, and that of people aged 55–74 decreased to 1.7%.

The average duration of unemployment was 10.6 months; 30.4% of unemployed people had been searching for a job for one year or more.

The unemployment rate of people aged 15–74 decreased in Pest Region, Western Transdanubia, Northern Hungary and the Northern Great Plain, while remaining unchanged in the other regions. The highest unemployment rate was registered in the Northern Great Plain region (5.7%), with Western Transdanubia reporting the lowest rate (1.6%).

According to the administrative data of the National Employment Service, the number of registered jobseekers fell to 235,000 at the end of December 2019, a year-on-year decrease of 2.9%.

ADVERTISEMENT

Czech economic confidence weakens in October Analysis

Czech economic confidence weakens in October

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.