Unemployment rate at 4.0%
In February 2023, the number of unemployed persons1 was 196 thousand and the unemployment rate was 4.0%2.
December 2022 – February 2023 compared to a year before:
The number of unemployed persons aged 15–74 increased by 15 thousand to 199 thousand, while their unemployment rate rose by 0.3 percentage points to 4.1%. Among males, the number of unemployed persons was 108 thousand, and the unemployment rate was up by 0.4 percentage points to 4.2%. Among females, the number of unemployed people was 91 thousand, and the unemployment rate was 4.0%.
The number of unemployed people aged 15–24 years was 34 thousand, with an unemployment rate of 11.2%. This age group accounted for 17.0% of all unemployed. The unemployment rate for the 25–54 age group rose by 0.4 percentage points to 3.7%, while that for the 55–74 age group increased by 0.2 percentage points to 3.2%.
The average duration of job search was 9.0 months, and 30.7% of the unemployed had been looking for a job for at least a year.
Unemployment among 15–74-year-olds* by age group, December 2022 – February 2023
| Age group, year–olds | Number | Unemployment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointsa) | |
| 15–24 | 33.7 | –0.9 | 11.2 | –0.2 |
| 25–54 | 136.4 | 13.5 | 3.7 | 0.4 |
| 55–74 | 28.8 | 2.9 | 3.2 | 0.2 |
| Total | 198.9 | 15.5 | 4.1 | 0.3 |
* The data of 15–64-year-olds are available in Table 20.2.1.3 among Summary tables (STADAT).
a) Compared to the same period of the previous year.
At the end of February 2023, compared to a year earlier:
According to the administrative data of the National Employment Service (https://nfsz.munka.hu/), the number of registered jobseekers decreased by 2.8% to 245 thousand.