Number of job seekers falls in Hungary

Budapest (MTI) – The number of registered job seekers fell by 19.1 percent from last year. The National Employment Office (NFSZ) had 296,500 registered job seekers on the last day in February, a fall of more than 70,000 from last year, the website of the office shows.

The February data shows that 6.5 percent of the economically active population were registered as seeking employment. This constitutes 4.4 percent of the working age population. Fully 10.6 percent of the job seekers, 31,400 people, were first-time job seekers and 26.6 percent, or 78,900 people, had been seeking employment for over a year. The latter is an improvement of 19.4 percentage points from last year’s data.

On the job market, there were 94,200 vacancies in February, 65,000 of which could not be filled.

The International Labour Office’s (ILO) unemployment rate was published at 4.3 percent for the period between November 2016-February 2017, which is a 1.9 percentage point improvement year on year.

Photo: MTI

Source: MTI