Unemployment rate at 3.3% in June

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The unemployment rate in Hungary stood at 3.3% in June 2022, according to data published by the Central Statistical Office (KSH).

The number of unemployed persons stood at 160,000. According to the administrative data of the National Employment Service, the number of registered jobseekers decreased by 13.3% to 230,000 by the end of June.

April-June unemployment at 3.2%

In the April-June 2022 period, the number of unemployed persons aged 15–74 years decreased by 41,000 and their unemployment rate by 0.9 percentage points year-on-year to 3.2%. Among males, the number of unemployed persons was 87,000, and the unemployment rate was down by 0.7 percentage points to 3.4%. Among females, the number of unemployed people equaled 70,000, and the unemployment rate fell by 1.1 percentage points to 3.1%.

The number of unemployed people aged 15–24 years fell to 29 thousand and their unemployment rate by 3.4 percentage points to 10.0%, however, they accounted for 18.4% of total unemployment. The unemployment rate of the 25–54 age group fell by 0.8 percentage points to 2.8%, while that of the 55–74-year-olds was unchanged at 2.9%.

The average time spent on looking for a job was 10 months, and 36.7% of the unemployed had been looking for a job for at least a year.

The unemployment rate was highest in Northern Great Plain and Northern Hungary (both 5.8%), and lowest in Central Transdanubia and Pest (both 1.6%). Compared to the same period last year, the rate was unchanged in Southern Transdanubia, while it decreased in the other regions, most significantly in Northern Great Plain (by 1.6 percentage points).

 

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