• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
Jobless rate back at pre-pandemic level in HungaryJobless rate back at pre-pandemic level in HungaryJobless rate back at pre-pandemic level in HungaryJobless rate back at pre-pandemic level in Hungary
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
DNH 2021 DNH 2021 · 27/01/2022
· Business

Jobless rate back at pre-pandemic level in Hungary

Hungarian economy Hungary labour market statistics
Hungary’s jobless rate was at 3.7 percent in December, falling from 4.1 percent in the same month a year earlier and level with the rate in November, the Central Statistical Office (KSH) said on Thursday.
 
The rate covers unemployment among people between the ages of 15 and 74. In absolute terms, there were 179,000 unemployed, 200 fewer than in November and 20,700 fewer than in the same month a year earlier.
 
The rolling three-month average jobless rate also stood at 3.7 percent in December, as did the rolling three-month average jobless rate for the 15-64 age group.
 
KSH noted that data from the National Employment Service (NFSZ) show
 
there were 239,000 registered jobseekers at the end of December, down by an annual 17.9 percent.
 
  • Read also: Hungarians are the second poorest in the EU!
 
The employment rate for the 15-74 age group reached 63.9 percent in December, edging up from 63.7 percent in November. In absolute terms, there were 4,686,900 jobholders, 9,400 more than in November and 53,000 more than twelve months earlier, KSH said.
 
The number of economically active people in the age group stood at 4,865,800, giving Hungary an activity rate of 66.3 percent.
 
Takarékbank chief analyst András Horváth said the labour market has seen a “stable return” to pre-pandemic levels. The average annual jobless rate is expected to fall from 4.1 percent last year to 3.2 percent in 2022, on the back of government measures such as wage support, tax reductions and the conditional repayment moratorium on job preservation, he said.
 
He added that the tighter labour market would accelerate the pace of pay rises, even as businesses continue to face global parts and capacity shortages, as well as higher energy prices.
széchenyi thermal bath
Read alsoSerious price increase on the horizon for Budapest spas

Source: MTI

Hungarian economy Hungary labour market statistics
Share
DNH 2021
DNH 2021

Related posts

teacher board frustration
17/05/2022

LMP demands 10 pc wage hike for public sector employees to compensate for inflation


Read more
national bank of Hungary -mnb nbh
17/05/2022

Hungary’s central bank: Coordinated fiscal, monetary policy needed to tackle inflation


Read more
hungary eu foreign ministers meeting
16/05/2022

No new EU proposals were made on Monday but talks would continue, says Hungarian minister


Read more

Leave a Reply

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

SUPPORT US
Latest news
  • Hungary hosts FINA World Cup 2022 – Programme guide
  • LMP demands 10 pc wage hike for public sector employees to compensate for inflation
  • All you need to know about the cruising season at Lake Balaton
  • Body found at Margaret Bridge in Budapest

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

© 2022 DailyNewsHungary. All rights reserved!
Posting....