ADVERTISEMENT

Unemployment rate at 4% in August

Figures

Image by Victoria Labadie / Shutterstock.com

The unemployment rate stood at 4% in August 2021, according to data released by the Central Statistical Office (KSH).

In June-August, the average number of unemployed was 194,000. The number of jobless persons aged 15-74 decreased by 15,000 and their unemployment rate by 0.3 percentage points compared to June-August 2020. Among men, the number of unemployed persons was 104,000 and the unemployment rate decreased by 0.2 percentage points to 4%, while among women, the number of unemployed persons decreased to 96,000 and the unemployment rate decreased by 0.5 percentage points to 4.2%.

The number of unemployed 15-24-year-olds increased to 51,000, and their unemployment rate rose by 1.4 percentage points to 15.9%. More than a quarter of all unemployed were young people. The unemployment rate for 25-54-year-olds fell by 0.5 percentage points to 3.4% and for 55-74-year-olds by 0.2 percentage points to 2.7%.

The average time spent looking for a job was 8.8 months and 34.6% of the unemployed had been looking for a job for at least a year.

At the end of August 2021, the number of registered jobseekers stood at 256,000, down 25.8% year-on-year.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.