Published on: 28 June 2016

Unemployment rate decreased to 5.5%

In March–May 2016, the number of unemployed people was 251 thousand, 69 thousand fewer than a year earlier, and the unemployment rate decreased by 1.6 percentage points to 5.5%. Men were characterized by a lower level of unemployment, and the improvement was also higher in their case.

In March–May 2016, compared to a year before:

The number of 15–74 year-old unemployed men decreased by 39 thousand to 134 thousand, and their unemployment rate by 1.7 percentage points to 5.4%. The number of unemployed women declined by 30 thousand to 117 thousand, and their unemployment rate by 1.5 percentage points to 5.6%.

The unemployment rate of the 15–24 age group decreased by 4.0 percentage points to 13.8%, but 18.4% of the unemployed still belonged to this age group. The unemployment rate of those aged 25–54, i.e. persons belonging to the ‘best working age’ decreased by 1.3 percentage points to 5.0%, and the rate for persons aged 55–64 fell by 2.0 percentage points to 4.3%.

The average duration of unemployment was 18.2 months; 47.5% of unemployed people had been searching for a job for one year or more, i.e. were long-term unemployed.

At the end of May 2016, compared to a year earlier:

According to the administrative data of the National Employment Service (http://eu.munka.hu/), the total number of registered jobseekers was 307 thousand, which means a 20.2% decrease.

Unemployment among 15–64 year-olds by age groups, March–May 2016

Age group, year-old Number Unemployment rate
thousand persons change, thousand personsa) % change, percentage pointa)
15–2446.3–12.113.8–4.0
25–54174.0–45.55.0–1.3
55–6429.8–11.24.3–2.0
Total250.0–68.85.5–1.6

a) Compared to the same period of the previous year.