Unemployment Rate at 3.9% in April
Image by Victoria Labadie / Shutterstock.com
In April 2023, the unemployment rate in Hungary stood at 3.9%, according to data published by the Central Statistical Office (KSH).
The number of unemployed people stood at 190,000 in the fourth month of the year.
According to the administrative data of the National Employment Service, the number of registered jobseekers decreased by 2.6% year-on-year to 235,000 at the end of the month.
Unemployment Rises in February-April
In the February–April 2023 period, the number of unemployed persons aged 15–74 increased by 27,000 year-on-year to 197,000, while their unemployment rate rose by 0.5 percentage points to 4%.
Among males, the number of unemployed persons was 106,000, and their unemployment rate was up by 0.4 percentage points to 4.1%. Among females, the number of unemployed people was 91,000, and their unemployment rate rose by 0.7 percentage points to 4%.
The number of unemployed people aged 15–24 years was 34,000, with an unemployment rate of 11.1%. This age group accounted for 17.2% of all unemployed. The unemployment rate for the 25–54 age group rose by 0.7 percentage points to 3.7%, while that for the 55–74 age group decreased by 0.2 percentage points to 2.9%.
The average duration of job search was 9.4 months, and 33.8% of the unemployed had been looking for a job for at least a year.
ADVERTISEMENT
Investment Fund Managers Press for Changes to New Rules
Parl't Approves Amendments to Legislation on Judiciary
Dana to Invest HUF 36 bln in Capacity Expansion in Hungary
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
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.
