July 2023 Sees Unemployment Rate in Hungary at 3.9%, with 194 Thousand Unemployed Individuals

August 31, 2023

Unemployment rate at 3.9%

In July 2023, the number of unemployed persons¹ was 194 thousand and the unemployment rate was 3.9%².

In the May–July 2023 period, the number of unemployed persons aged 15–74 increased by 38 thousand to 198 thousand, while their unemployment rate rose by 0.7 percentage points to 4.0%. Among males, the number of unemployed persons was 106 thousand, and their unemployment rate was up by 0.6 percentage points to 4.0%. Among females, the number of unemployed people was 92 thousand, and their unemployment rate rose by 0.8 per

The number of unemployed people aged 15–24 years was 41 thousand, with an unemployment rate of 13.2%. This age group accounted for 20.6% of all unemployed. The unemployment rate for 25-54 year olds rose by 0.7 percentage points to 3.5%, while for 55-74 year olds it was unchanged at 3.0%.

The average duration of job search was 9.5 months, and 36.8% of the unemployed had been looking for a job for at least a year.

Source: Statistics Hungary
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