Unemployment rate at 3.8% in Hungary

In the period of February–April 2020, the average number of unemployed people was 174 thousand, and the unemployment rate was 3.8%, latest Hungarian Central Statistical Office data show.

Unemployment rate was lower for men than for women, with this indicator essentially stagnating for men and increasing for women.

In April 2020, about 73 thousand people lost their jobs, of which 54 thousand became economically inactive and 19 thousand unemployed.

In February–April 2020, compared to a year before

Among men aged 15–74, the number of unemployed was 92 thousand, and the unemployment rate was 3.6%. In the case of women, the number of unemployed rose to 83 thousand and the unemployment rate to 4.0%

Among people aged 15–24, the number of the unemployed was 35 thousand and their unemployment rate 11.2%. Nearly one fifth of the unemployed belonged to this age group. Unemployment rates for people aged 25–54, being in the so-called best working age grew by 0.4 percentage point to 3.5%, and for people aged 55–74 remained virtually unchanged, with 2.1%.

The average duration of unemployment was 9.2 months; 25.7% of unemployed people had been searching for a job for one year or more, i.e. were long-term unemployed.

In April 2020

The average number of unemployed people was 187 thousand, and the unemployment rate was 4.1%

Compared to the previous month, the number of unemployed increased by 19 thousand and compared to April 2019 by 29 thousand. The unemployment rate rose by 0.5 percentage point in one month and by 0.7 percentage point in one year.

However, the number of jobless people increased significantly compared to the previous month, by about 73 thousand.

The majority of people who lost their jobs did not actively look for work and / or could not start a new job within 2 weeks, mainly due to restrictions on personal relationships.

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