ADVERTISEMENT

Unemployment rate at 3.5%

Tourism

Photo by Fizkes / Shutterstock.com

In the period of September–November 2019, the average number of unemployed people was 163,000, and the unemployment rate was 3.5%. Men were characterized by lower unemployment, the Central Statistical Office (KSH) reports.

Image: Photo by Fizkes/Shutterstock.com

The unemployment among 15–74-year-old men decreased to 84,000 and the unemployment rate to 3.3% in September-November 2019. Among women, the number of unemployed totaled 80,000, and the unemployment rate was 3.8%.

Among people aged 15–24, the number of unemployed increased by 8,300 to 43,000 and their unemployment rate by 2.9 percentage points to 13.2%. More than a quarter of the unemployed belonged to this age group, KSH says. The unemployment rate of the 25–54 age group decreased to 3%, and that of people aged 55–74 decreased by 0.9 percentage point to 1.6%.

The average duration of unemployment was 10.6 months; 30.5% of unemployed people had been searching for a job for one year or more.

The total number of registered jobseekers decreased by 1.9% year-on-year to 239,000 at the end of last November, according to the National Employment Service.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.