The unemployment rate rose to 5.4% in January from 5.1% in December.
That was in line with expectations. Further, this was the highest jobless rate since March 2023, when it was the same 5.4%.
In the same month last year, the unemployment rate was 5.5%.
The number of registered unemployed people increased to 837,100 in January from 788,200 in the previous month.
The number of unemployed young people under the age of 24 rose to 109,500 in January from 100,800 in the prior month.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
