Unemployment Rate at 4% in August
Image by Victoria Labadie / Shutterstock.com
The unemployment rate in Hungary stood at 4% in August 2023, according to data released by the Central Statistical Office (KSH).
The number of unemployed people stood at 195,000.
At the end of August, the number of registered jobseekers decreased to 229,000 (down 1% year-on-year) according to the administrative data of the National Employment Service.
Unemployment Rate Creeps up in June-August
In the June–August 2023 period, the number of unemployed persons aged 15–74 increased by 34,000 to 200,000, while their unemployment rate rose by 0.7 percentage points to 4.1%. Among males, the number of unemployed persons was 103,000, and their unemployment rate was up by 0.4 percentage points to 4%. Among females, the number of unemployed people was 96,000, and their unemployment rate rose by 1 percentage point to 4.2%.
The number of unemployed people aged 15–24 years was 43,000, with an unemployment rate of 13.6%. This age group accounted for 21.5% of all unemployed. The unemployment rate for 25-54-year-olds rose by 0.6 percentage points to 3.5%, while for 55-74-year-olds it was practically unchanged at 3%.
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.