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Unemployment rate at 4% in September

Figures

Image by Victoria Labadie / Shutterstock.com

In September 2021, the number of unemployed was 195,000 and the unemployment rate was 4%, down from 4.6% in September 2020, according to data published by the Central Statistical Office (KSH).

According to the administrative data of the National Employment Service the number of registered jobseekers decreased by 22.6% to 250,000 by the end of September.

July-September 2021 unemployment at 3.9%

In the July–September 2021 period, the average number of unemployed persons was 190,000 and the unemployment rate was 3.9%, KSH says.

The number of unemployed persons aged 15–74 decreased by 18,000 and their unemployment rate by 0.4 percentage points. Among men, the number of unemployed persons was 98,000 and the unemployment rate decreased by 0.4 percentage points to 3.8%, while among women, the number of unemployed persons decreased to 91,000 and the unemployment rate decreased by 0.3 percentage points to 4%.

The number of unemployed 15–24-year-olds increased to 46,000, and their unemployment rate rose by 1.4 percentage points to 14.5%. Nearly a quarter of all unemployed were young people. The unemployment rate for 25–54-year-olds fell by 0.5 percentage points to 3.3% and for 55–74-year-olds by 0.4 percentage points to 2.7%.

The average time spent looking for a job was 8.8 months and 34.1% of the unemployed had been looking for a job for at least a year.

The unemployment rate was highest in Northern Great Plain (6.9%) and lowest in Central Transdanubia (2.0%).

Compared to the same period last year, only Northern Hungary recorded an increase (1.1 percentage points), while the other regions recorded a decrease.

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