Unemployment rate at 3.6% in April
Image by Victoria Labadie / Shutterstock.com
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.
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.