Unemployment rate at 3.9%
In September 2023, the number of unemployed persons1 was 191 thousand and the unemployment rate was 3.9%2.
July–September 2023 compared to a year before:
In the July–September 2023 period, the number of unemployed persons aged 15–74 increased by 22 thousand to 200 thousand, while their unemployment rate rose by 0.4 percentage points to 4.1%. Among males, the number of unemployed persons was 104 thousand, and their unemployment rate was up by 0.2 percentage points to 4.0%. Among females, the number of unemployed people was 96 thousand, and their unemployment rate rose by 0.6 percentage points to 4.2%.
The number of unemployed people aged 15–24 years was 40 thousand, with an unemployment rate of 12.4%. This group accounted for 19.8% of all unemployed. The unemployment rate for 25-54 year olds rose by 0.4 percentage points to 3.6%, while for 55-74 year olds it was practically unchanged at 3.1%.
The unemployment rate was highest in Southern Transdanubia (6.8%), and lowest in Budapest (1.9%). Compared to the same period of the previous year, the rate increased most in South Transdanubia (by 2.1 percentage points), while in the capital - alone among the regions - it decreased significantly (by 0.8 percentage points).
The average duration of job search was 9.3 months, and 36.9% of the unemployed had been looking for a job for at least a year.
Unemployment among 15–74-year-olds* by age group, July–September 2023
| Age group, year–olds | Number | Unemployment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointsa) | |
| 15–24 | 39.7 | 5.5 | 12.4 | 1.6 |
| 25–54 | 131.3 | 13.4 | 3.6 | 0.4 |
| 55–74 | 29.4 | 3.2 | 3.1 | 0.1 |
| Total | 200.3 | 22.1 | 4.1 | 0.4 |
* 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 September 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 4.4% to 228 thousand.