Friday, June 10 2022

Hungary’s unemployment rate was 3.6% in March, down from 3.8% in February and 4.0% in the same month a year earlier, the Central Statistics Office (KSH) said on Thursday.

The rate covers unemployment for people aged 15 to 74.

In absolute terms, there were 176,000 unemployed, 9,200 less than a month earlier and 17,700 less than in March 2021.

The three-month moving average unemployment rate also stood at 3.7% in March, down from 3.8% in February and 4.5% twelve months earlier.

The monthly unemployment rate for the 15-64 age bracket was 3.6%, down from 3.9% the previous month and 4.1% a year earlier.

KSH noted that data from the National Employment Service (NFSZ) shows there were 251,000 registered jobseekers at the end of March, down 17.2% from twelve months earlier.

The employment rate for 15-74 year olds reached 64.0% in March, against 63.6% in February and 62.6% twelve months earlier. In absolute terms, there were 4,697,000 people employed in March, 29,200 more than in February and 81,000 more than a year earlier.

The number of economically active people in the age group was 4,873,000, giving Hungary an activity rate of 66.4%.


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