Unemployment rate at 4.2%
In November 2023, the number of unemployed persons1 was 207 thousand and the unemployment rate was 4.2%2.
September–November 2023 compared to a year before:
In the September–November 2023 period, the number of unemployed persons aged 15–74 increased by 29 thousand to 212 thousand, while their unemployment rate rose by 0.5 percentage points to 4.3%. Among males, the number of unemployed persons was 113 thousand, and their unemployment rate was up by 0.6 percentage points to 4.3%. Among females, the number of unemployed people was 99 thousand, and their unemployment rate rose by 0.5 percentage points to 4.2%.
The number of unemployed people aged 15–24 years was 43 thousand, with an unemployment rate of 13.8%. This group accounted for 20.4% of all unemployed. The unemployment rate for 25-54 year olds rose by 0.3 percentage points to 3.7%, while for 55-74 year olds it was essentially unchanged at 3.2%.
The average duration of job search was 9.0 months, and 34.2% of the unemployed had been looking for a job for at least a year.
Unemployment among 15–74-year-olds* by age group, September–November 2023
| Age group, year–olds | Number | Unemployment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointsa) | |
| 15–24 | 43.4 | 9.3 | 13.8 | 2.9 |
| 25–54 | 138.1 | 13.2 | 3.7 | 0.3 |
| 55–74 | 30.9 | 6.0 | 3.2 | 0.5 |
| Total | 212.4 | 28.5 | 4.3 | 0.5 |
* 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 November 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 3.2% to 226 thousand.