No flying start in the economy: jobless rate in Hungary increased again

Hungarian economy worker industry
Photo: MTI

The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.4pc in April, data released by the Central Statistics Office (KSH) on Friday show.

In absolute terms, there were 215,000 unemployed. The number of employed reached 4,666,000. For the period February-April, the average number of employed reached 4,673,000, 32,000 fewer than in the same period a year earlier. The number of people employed on the primary market stood at 4,503,000, down 34,000 from a year earlier. The number of Hungarians working abroad reached 103,000 and the number of people in fostered work programmes was 67,000.

The employment rate for the 15-64 age group stood at 75.0pc. Data from the National Employment Service (NFSZ) show there were 228,000 registered jobseekers at the end of April, down 1.0pc from twelve months earlier.

Jobseekers spent 13.1 months, on average, looking for work, but 44pc of the jobless found new positions in under three months. The percentage of jobless who had been looking for work for at least one year reached 35pc.

Commenting on the fresh data, Sándor Czomba, the state secretary for employment policy, said Hungary’s employment data remained “in the forefront” in Europe. He added that European Union-financed programmes to boost employment further had added over 38,000 jobs.

Read also:

  • Number of jobless people gradually increasing in Hungary
  • More than 210 thousand unemployed in Hungary – read more HERE
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