Unemployment rate at 4.5% in February

Figures

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The number of unemployed people in Hungary stood at 213,000 in Hungary in February 2021, up 46,000 year-on-year. The unemployment rate was 4.5%, up 1 percentage point compared to February 2020, according to data released by the Central Statistical Office (KSH).

Compared to January 2021, the number of unemployed decreased by 25,000 while the unemployment rate fell by 0.5 percentage points.

Rolling average unemployment rate also at 4.5%

In December 2020-February 2021, the number of unemployed people aged 15–74 grew by 53,000 to 217,000 and their unemployment rate increased by 1.1 percentage points to 4.5%.

Among men, the number of unemployed increased by 24,000 to 111,000 and the unemployment rate grew by 0.9 percentage points to 4.3%. In the case of women, the number of unemployed rose by 29,000 to 105,000 and the unemployment rate increased by 1.3 percentage points to 4.7%.

Among people aged 15–24, the number of unemployed increased to 41,000 and the unemployment rate by 2.8 percentage points to 13.5%. Nearly one-fifth of all unemployed come from this age-group. Unemployment rates for people aged 25–54 grew by 1 percentage point to 4%, and for people aged 55–74 increased by 1.2 percentage points to 3.4%.

The average duration of unemployment was 9 months; 26.6% of unemployed people had been looking for a job for one year or more.

At the end of February 2021, the total number of registered jobseekers reached 302,000, according to the administrative data of the National Employment Service.

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