Unemployment Rate at 4% in August

HR

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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%.

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