Unemployment rate at 4% in March
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The number of unemployed in March 2021 stood at 194,000, while the unemployment rate dropped to 4%, according to data published by the Central Statistical Office (KSH).
Compared to February 2021, the number of unemployed decreased by 19,000 and the unemployment rate by 0.4 percentage points.
Compared to March 2020, the number of unemployed increased by 25,000 and the unemployment rate by 0.5 percentage points.
Unemployment reaches 4.5% in January-March
In January-March 2021, the number of unemployed people aged 15–74 grew by 42,000 year-on-year to 215,000 and their unemployment rate increased by 0.9 percentage points to 4.5%. Among men, the number of unemployed increased by 14,000 to 106,000 and the unemployment rate grew by 0.5 percentage points to 4.1%. In the case of women, the number of unemployed rose by 28,000 to 109,000 and the unemployment rate increased by 1.3 percentage points to 4.9%.
Compared to January-March 2020, among people aged 15–24, the number of unemployed increased to 42,000 and the unemployment rate by 2.4 percentage points to 13.6%. Nearly one-fifth of all unemployed come from this age group. Unemployment rates for people aged 25–54 grew by 0.7 percentage points to 4%, and for people aged 55–74 increased by 1.1 percentage points to 3.3%.
The average duration of unemployment was 9.1 months; 26.4% of unemployed people had been looking for a job for one year or more.
Unemployment was highest in Northern Great Plain during this period, 7.3%. Compared to the same period of the previous year, it increased in all regions except Southern Transdanubia: the fastest, by 1.8 percentage points in Southern Great Plain. Unemployment increased significantly by 1.4 percentage points in both the Pest region (3.8%) and Northern Hungary (5.7%). Unemployment was lowest in Western and Central Transdanubia (2.3% and 2.4%, respectively).
At the end of March 2021, the number of registered jobseekers reached 304,000, up by 7.9% year-on-year, according to data by the National Employment Service.
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