Unemployment rate decreased to 4.3% in November 2016–January 2017
In November 2016–January 2017, the number of unemployed people was 198 thousand, 82 thousand fewer than a year earlier, and the unemployment rate decreased by 1.9 percentage points to 4.3%. The improvement was higher for women which resulted that the level of unemployment for women was even lower than that of men.
In November 2016–January 2017, compared to a year before:
The number of 15–74 year-old unemployed men decreased by 37 thousand to 111 thousand, and their unemployment rate by 1.6 percentage points to 4.4%. The number of unemployed women declined by 44 thousand to 87 thousand, and their unemployment rate by 2.2 percentage points to 4.1%.
The unemployment rate of the 15–24 age group decreased by 3.1 percentage points to 11.1%, but every fifth unemployed still belonged to this age group. The unemployment rate of those aged 25–54, i.e. persons belonging to the ‘best working age’ decreased by 1.9 percentage points to 3.7%, and the rate for persons aged 55–64 fell by 1.2 percentage points to 4.1%.
The average duration of unemployment was 18.0 months; 46.8% of unemployed people had been searching for a job for one year or more, i.e. were long-term unemployed.
At the end of January 2017, compared to a year earlier:
According to the administrative data of the National Employment Service (http://eu.munka.hu/), the total number of registered jobseekers decreased by 19.7% to 288 thousand.
Unemployment among 15–64 year-olds by age groups, November 2016–January 2017
| Age group, year-old | Number | Unemployment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointa) | |
| 15–24 | 38.2 | –9.3 | 11.1 | –3.1 |
| 25–54 | 129.8 | –65.8 | 3.7 | –1.9 |
| 55–64 | 28.8 | –6.3 | 4.1 | –1.2 |
| Total | 196.8 | –81.4 | 4.3 | –1.9 |
a) Compared to the same period of the previous year.