Unemployment rate at 3.7% in December
Image by Victoria Labadie / Shutterstock.com
In December 2021, the number of unemployed in Hungary was 179,000 and the unemployment rate stood at 3.7%, according to data by the Central Statistical Office (KSH).
The unemployment rate was virtually the same as in the previous month.
At the end of December, the number of registered jobseekers stood at 239,000, down 17.9% compared to the same period of 2020, according to the administrative data of the National Employment Service.
Unemployment rate also at 3.7% in October-December
In the October–December 2021 period, the average number of unemployed persons was 180,000 and the unemployment rate was 3.7%
Compared to the last three months of 2020, the number of unemployed persons aged 15–74 decreased by 15,000 and their unemployment rate by 0.4 percentage points. Among men, the number of unemployed persons was 90,000 and the unemployment rate decreased by 0.5 percentage points to 3.5%. Among women, the number of unemployed was 90,000 and the unemployment rate was 3.9%.
The number of unemployed people aged 15-24 was 39,000, with an unemployment rate of 12.5%. More than a fifth of all unemployed were young people. The unemployment rate for the 25-54 age group rose by 0.4 percentage points to 3.2%, and for the 55-74 age group fell by 0.6 percentage points to 2.9%.
The average time spent looking for a job was 8.9 months and 34.4% of the unemployed had been looking for a job for at least a year.
The unemployment rate was highest in Northern Great Plain (6.7%) and lowest in Central Transdanubia (1.6%). Compared to the same period of the previous year, the rate increased most in Northern Hungary (1.3 percentage points), while the largest decreases were recorded in the Pest region and Southern Great Plain (both 0.9 percentage points).
2021 unemployment rate at 4.1%
In 2021, unemployment figures for the 15-74 age group have not changed significantly compared to 2020. The number of unemployed was 196,000, with an unemployment rate of 4.1%.
The number of unemployed was 100,000 for men and 96,000 for women, with unemployment rates of 3.9% and 4.2% respectively.
For the year as a whole, the average duration of job search was 8.4 months and the share of jobseekers who had been looking for a job for at least a year was 31.2%.
Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
