• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Hungary unemployment rate highest since April 2021Hungary unemployment rate highest since April 2021Hungary unemployment rate highest since April 2021Hungary unemployment rate highest since April 2021
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • PHOTOS: Renovated facade of the legendary Corvin Department Store unveiled in Budapest!

  • Breaking: Fuel tax to be increased in Hungary

  • Positive prognosis: Forint will strengthen to 345 EUR/HUF level?

Support us
Daily News Hungary Daily News Hungary · 26/02/2022
· Society

Hungary unemployment rate highest since April 2021

Hungary’s jobless rate was 4.2 percent in January, falling from 5 percent the same month in the previous year but up from 3.7 percent in December, the Central Statistical Office (KSH) said on Friday.

The rate covers unemployment among the 15-74 age group.

In absolute terms, 201,300 people were jobless in January, 36,400 fewer than in January 2021. The number of jobseekers grew by 22,300 compared with December 2021.

The rolling three-month average jobless rate was 3.8 percent in Nov-Jan.

  • Read also: The Hungarian labour market: average salary, inflation, real wages

Between November 2021 and January 2022, an average of 4,676,000 people were in employment, 75,000 more than in the same period last year.

Analysts said rises in unemployment were seasonal.

Gábor Regős of the Századvég Institute said employment was typically lower in January compared with December given the link between the job market and the decline in retail sales after Christmas.

  • Read also: Asian guest workers are flocking to Hungary

Takarékbank analyst Gergely Suppan noted that the number of jobless in January was up by 3,000 compared with the three-month rolling average but lower by 26,000 compared with the same month the previous year.   

Péter Virovácz of ING Bank said the 4.2 percent unemployment rate was the highest since April 2021 and much higher than expected.

Romania folk music village
Read alsoHungary to fall behind Romania within 1-2 years!?

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
average salary Hungary labour market statistics
Share

Hot news

  • What happened today in Hungary? — 6 June, 2023

  • Just in: Magnitude 5 earthquake felt in several Hungarian cities

  • PHOTOS: Renovated facade of the legendary Corvin Department Store unveiled in Budapest!

  • Budapest to bring government to court

  • Border fence around Hungary reinforced and extended

  • PM Orbán is more liked by Bulgarians and Slovakians than his own nation

Related posts

06/06/2023

Border fence around Hungary reinforced and extended


Read more
Lake Balaton
06/06/2023

Hungarian people leave large cities, residential areas around Lake Balaton grow


Read more
eddie redmayne
06/06/2023

Oscar-winning actor appeared at student protest in Budapest


Read more
ultrasound abortion
06/06/2023

Brutal increase in the number of abortions in Hungary


Read more

1 Comment

  1. Hope & Faith : says:
    27/02/2022 at 20:30

    Sadly – what is going to reverse this somewhat deepening trend – in the immediate Future ???
    Prior to the recent days invasion of the Ukraine by Russia, the Hungarian Economy, in all catagories used by International Organizations – to access anaylyse – the performance of a countrys Economy – its present & future, the “Core” componentry – all trending – that highlight – the Hungarian Economic outlook – the present Economic & Financial at present position of Hungary – and into the immediate – Short & Long period of time – is in Severe Trouble.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
What happened today in Hungary? — 6 June, 2023

What happened today in Hungary? — 6 June, 2023

Read More
Just in: Magnitude 5 earthquake felt in several Hungarian cities

Just in: Magnitude 5 earthquake felt in several Hungarian cities

Read More
PHOTOS: Renovated facade of the legendary Corvin Department Store unveiled in Budapest!

PHOTOS: Renovated facade of the legendary Corvin Department Store unveiled in Budapest!

Read More
Budapest to bring government to court

Budapest to bring government to court

Read More

Border fence around Hungary reinforced and extended

Read More
PM Orbán is more liked by Bulgarians and Slovakians than his own nation

PM Orbán is more liked by Bulgarians and Slovakians than his own nation

Read More
Breaking: Fuel tax to be increased in Hungary

Breaking: Fuel tax to be increased in Hungary

Read More
Hungarian people leave large cities, residential areas around Lake Balaton grow

Hungarian people leave large cities, residential areas around Lake Balaton grow

Read More
Oscar-winning actor appeared at student protest in Budapest

Oscar-winning actor appeared at student protest in Budapest

Read More
Celebrate Transylvania and Hungary in Manchester this June! – PHOTOS

Celebrate Transylvania and Hungary in Manchester this June! – PHOTOS

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?