Unemployment rate at 3.6% in April

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The unemployment rate in Hungary stood at 3.6% in April, according to data published by the Central Statistical Office (KSH).

Approximately 176,000 people were unemployed.

Feb-Apr unemployment at 3.5%

The unemployment rate in February-April 2022 stood at 3.5%.

In February-April, the number of unemployed persons aged 15–74 decreased by 36,000 and their unemployment rate by 0.8 percentage points compared to the same period of 2021. Among men, the number of unemployed persons was 95,000 and the unemployment rate decreased by 0.5 percentage points to 3.7%. Among women the number of unemployed was 75,000 and their unemployment rate fell by 1.2 percentage points to 3.3%.

The number of unemployed people aged 15-24 fell to 30,000, and their unemployment rate by 2.5 percentage points to 10%, but they still accounted for 17.5% of the total unemployed. The unemployment rate for the 25-54 age group fell by 0.8 percentage points to 3.1%, while that of the 55-74 age group was practically unchanged at 3.2%.

The average time spent looking for a job was 9.2 months and 34.7% of the unemployed had been looking for a job for at least a year.

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