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Unemployment rate at 3.6% in March

HR

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

The number of unemployed stood at 176,000.

According to the administrative data of the National Employment Service, the number of registered jobseekers decreased by 17.2% year-on-year to 251,000 at the end of March.

January-March unemployment rate at 3.7%

In January-March 2022, the unemployment rate stood at 3.7%. Compared to the same period of 2021, the number of unemployed persons aged 15–74 decreased by 34,000 and their unemployment rate by 0.8 percentage points.

Among men, the number of unemployed persons was 99,000 and the unemployment rate decreased by 0.3 percentage points to 3.8%. Among women, the number of unemployed was 82,000 and their unemployment rate fell by 1.3 percentage points to 3.6%.

The number of unemployed people aged 15-24 fell to 31,000, and their unemployment rate to 10.4%, but they still accounted for more than 17% of the total unemployed. The unemployment rate for the 25-54 age group fell by 0.7 percentage points to 3.3%, and for the 55-74 age group by 0.2 percentage points to 3.1%.

The average time spent looking for a job was 8.9 months and 34.2% of the unemployed had been looking for a job for at least a year.

The unemployment rate decreased in all regions except Northern Hungary, where the indicator increased by 1 percentage point compared to the same period of the previous year, with the most significant decreases in Pest and Southern Great Plain (both by 1.6 percentage points). The unemployment rate was highest in the Northern Great Plain (6.8%) and lowest in the Central Transdanubian region (1.7%).

 

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