26 thousand fewer people in employment than a year before
In November 2020, 4 million 496 thousand people were employed, 45 thousand more than in the previous month and 26 thousand fewer than a year earlier. Over the period of September–November 2020, the average number of employed people was 4,476 thousand, 41 thousand fewer than a year earlier. This decrease was caused by a decline in the number of people working abroad but belonging to households in Hungary and the number of public workers. The employment rate of people aged 15–64 was 70.2%.
In November1 2020
4 million 496 thousand people were employed2, 45 thousand more than in the previous month and 26 thousand fewer than in November last year.
70.6% of 15–64 year olds were employed, up 1.0 percentage point on October and slightly up on last year's November.
In September–November 2020, compared to a year before3:
The number of employed people was 0.9% lower at 4,476 thousand. Employment somewhat increased in the primary labour market, decreased by 21 thousand in the group of those declaring themselves to be public workers and by 27 thousand among members of Hungarian households working abroad.
Number of employed people aged 15–74, September–November 2020
| Denomination | Number, thousand persons | Change in headcounta) | |
|---|---|---|---|
| thousand persons | % | ||
| Work in the domestic primary labour market | 4292.7 | 8.0 | 0.2 |
| Public workersb) | 90.6 | –21.5 | –19.2 |
| Employed persons working abroad and belonging to a household living in Hungary | 93.2 | –27.1 | –22.6 |
| Total | 4476.4 | –40.6 | –0.9 |
a) Compared to the same period of the previous year.
b) Based on the respondent's self-classification.
4 million 397 thousand people aged 15–64 were considered employed, the employment rate of this age group was 70.2%. The number of the employed among men aged 15–64 declined somewhat to 2,433 thousand, but their employment rate grew by 0.2 percentage points to 77.7%, partly for demographic reasons. Regarding 15–64 year-old women, the number of the employed decreased by 33 thousand to 1,964 thousand, and their employment rate by 0.4 percentage points to 62.6%.
The number of employed people in the young age group (15–24 years) decreased to 269 thousand, and their employment rate to 27.2%. Among the so-called best working age population (25–54 years) the employment rate decreased by 1.3 percentage points to 83.2%. In the older, 55–64 age group, the number of the employed increased by 20 thousand to 715 thousand and the employment rate by 3.9 percentage points to 60.9%, partly for demographic reasons.
For the 20-64 age group, which is the monitoring group for achieving the employment targets set in the Europe 2020 strategy, the employment rate was 75.6%. The European Union has set a target of 75% by 2020, which Hungary has achieved again after a temporary decline due to the coronavirus epidemic. Currently, the employment rate for this age group is 83.8% for men and 67.4% for women.
Employment among 15–64 year-olds by age group, September–November 2020
| Age group, year-old | Number | Employment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointa) | |
| 15–24 | 269.4 | –14.7 | 27.2 | –1.1 |
| 25–54 | 3 413.2 | –43.5 | 83.2 | –1.3 |
| 55–64 | 714.8 | 19.9 | 60.9 | 3.9 |
| Total | 4 397.5 | –38.3 | 70.2 | –0.1 |
| Of which: 20–64 | 4 374.8 | –30.8 | 75.6 | 0.1 |
a) Compared to the same period of the previous year.