Unemployment rate at 3.9%
In January 2023, the number of unemployed persons1 was 192 thousand and the unemployment rate was 3.9%2.
November 2022–January 2023 compared to a year before:
The number of unemployed persons aged 15–74 increased by 13 thousand to 196 thousand, while their unemployment rate rose by 0.2 percentage points to 4.0%. Among males, the number of unemployed persons was 105 thousand, and the unemployment rate was up by 0.4 percentage points to 4.1%. Among females, the number of unemployed people was 91 thousand, and the unemployment rate was 3.9%.
The number of unemployed people aged 15–24 years was 35 thousand, with an unemployment rate of 11.6%. This age group accounted for 17.9% of all unemployed. The unemployment rate for the 25–54 age group rose by 0.3 percentage points to 3.6%, while that for the 55–74 age group increased by 0.2 percentage points to 3.1%.
The average duration of job search was 9.1 months, and 31.3% of the unemployed had been looking for a job for at least a year.
Unemployment among 15–74-year-olds* by age group, November 2022–January 2023
Age group, year–olds | Number | Unemployment rate | ||
---|---|---|---|---|
thousand persons | change, thousand personsa) | % | change, percentage pointsa) | |
15–24 | 35.1 | –1.1 | 11.6 | –0.1 |
25–54 | 133.1 | 10.9 | 3.6 | 0.3 |
55–74 | 28.0 | 3.4 | 3.1 | 0.2 |
Total | 196.2 | 13.2 | 4.0 | 0.2 |
* The data of 15–64-year-olds are available in Table 20.2.1.3 among Summary tables (STADAT).
a) Compared to the same period of the previous year.
At the end of January 2023, compared to a year earlier:
According to the administrative data of the National Employment Service (https://nfsz.munka.hu/), the number of registered jobseekers decreased by 2.2% to 244 thousand.