Unemployment rate at 4.0%
In August 2023, the number of unemployed persons1 was 195 thousand and the unemployment rate was 4.0%2.
June–August 2023 compared to a year before:
In the June–August 2023 period, the number of unemployed persons aged 15–74 increased by 34 thousand to 200 thousand, while their unemployment rate rose by 0.7 percentage points to 4.1%. Among males, the number of unemployed persons was 103 thousand, and their unemployment rate was up by 0.4 percentage points to 4.0%. Among females, the number of unemployed people was 96 thousand, and their unemployment rate rose by 1.0 percentage points to 4.2%.
The number of unemployed people aged 15–24 years was 43 thousand, with an unemployment rate of 13.6%. This age group accounted for 21.5% of all unemployed. The unemployment rate for 25-54 year olds rose by 0.6 percentage points to 3.5%, while for 55-74 year olds it was practically unchanged at 3.0%.
The average duration of job search was 9.3 months, and 36.6% of the unemployed had been looking for a job for at least a year.
Unemployment among 15–74-year-olds* by age group, June–August 2023
| Age group, year–olds | Number | Unemployment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointsa) | |
| 15–24 | 42.9 | 12.5 | 13.6 | 3.7 |
| 25–54 | 128.5 | 20.1 | 3.5 | 0.6 |
| 55–74 | 28.3 | 1.6 | 3.0 | –0.1 |
| Total | 199.7 | 34.2 | 4.1 | 0.7 |
* The data of 15–64-year-olds are available in Table 20.2.1.5 among Summary tables (STADAT).
a) Compared to the same period of the previous year.
At the end of August 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 1% to 229 thousand.