Unemployment rate at 4.1%
In October 2023, the number of unemployed persons1 was 202 thousand and the unemployment rate was 4.1%2.
August–October 2023 compared to a year before:
In the August–October 2023 period, the number of unemployed persons aged 15–74 increased by 37 thousand to 211 thousand, while their unemployment rate rose by 0.7 percentage points to 4.3%. Among males, the number of unemployed persons was 111 thousand, and their unemployment rate was up by 0.7 percentage points to 4.3%. Among females, the number of unemployed people was 100 thousand, and their unemployment rate rose by 0.7 percentage points to 4.3%.
The number of unemployed people aged 15–24 years was 44 thousand, with an unemployment rate of 13.8%. This group accounted for 20.7% of all unemployed. The unemployment rate for 25-54 year olds rose by 0.5 percentage points to 3.7%, while for 55-74 year olds it was up by 0.5 percentage points to 3.3%.
The average duration of job search was 9.0 months, and 36.0% of the unemployed had been looking for a job for at least a year.
Unemployment among 15–74-year-olds* by age group, August–October 2023
| Age group, year–olds | Number | Unemployment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointsa) | |
| 15–24 | 43.7 | 11.6 | 13.8 | 3.5 |
| 25–54 | 135.5 | 18.4 | 3.7 | 0.5 |
| 55–74 | 31.8 | 6.7 | 3.3 | 0.5 |
| Total | 211.0 | 36.7 | 4.3 | 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 October 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 4.0% to 226 thousand.