Unemployment rate at 3.8%
In May 2023, the number of unemployed persons1 was 186 thousand and the unemployment rate was 3.8%2.
March–May 2023 compared to a year before:
In the March–May 2023 period, the number of unemployed persons aged 15–74 increased by 27 thousand to 191 thousand, while their unemployment rate rose by 0.5 percentage points to 3.9%. Among males, the number of unemployed persons was 104 thousand, and their unemployment rate was up by 0.4 percentage points to 4.0%. Among females, the number of unemployed people was 88 thousand, and their unemployment rate rose by 0.7 percentage points to 3.8%.
The number of unemployed people aged 15–24 years was 36 thousand, with an unemployment rate of 12.0%. This age group accounted for 18.7% of all unemployed. The unemployment rate for 25-54 year olds rose by 0.5 percentage points to 3.5%, while for 55-74 year olds it was unchanged at 3.1%.
The average duration of job search was 9.7 months, and 36.3% of the unemployed had been looking for a job for at least a year.
Unemployment among 15–74-year-olds* by age group, March–May 2023
| Age group, year–olds | Number | Unemployment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointsa) | |
| 15–24 | 35.7 | 6.8 | 12.0 | 2.2 |
| 25–54 | 127.4 | 18.5 | 3.5 | 0.5 |
| 55–74 | 28.3 | 1.5 | 3.1 | 0.0 |
| Total | 191.5 | 26.8 | 3.9 | 0.5 |
* 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 May 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 2.1% to 229 thousand.