Unemployment rate at 3.9%
In July 2023, the number of unemployed persons1 was 194 thousand and the unemployment rate was 3.9%2.
May–July 2023 compared to a year before:
In the May–July 2023 period, the number of unemployed persons aged 15–74 increased by 38 thousand to 198 thousand, while their unemployment rate rose by 0.7 percentage points to 4.0%. Among males, the number of unemployed persons was 106 thousand, and their unemployment rate was up by 0.6 percentage points to 4.0%. Among females, the number of unemployed people was 92 thousand, and their unemployment rate rose by 0.8 percentage points to 4.0%.
The number of unemployed people aged 15–24 years was 41 thousand, with an unemployment rate of 13.2%. This age group accounted for 20.6% of all unemployed. The unemployment rate for 25-54 year olds rose by 0.7 percentage points to 3.5%, while for 55-74 year olds it was unchanged at 3.0%.
The average duration of job search was 9.5 months, and 36.8% of the unemployed had been looking for a job for at least a year.
Unemployment among 15–74-year-olds* by age group, May–July 2023
| Age group, year–olds | Number | Unemployment rate | ||
|---|---|---|---|---|
| thousand persons | change, thousand personsa) | % | change, percentage pointsa) | |
| 15–24 | 40.8 | 11.2 | 13.2 | 3.2 |
| 25–54 | 129.2 | 24.6 | 3.5 | 0.7 |
| 55–74 | 27.9 | 2.2 | 3.0 | 0.0 |
| Total | 197.9 | 38.0 | 4.0 | 0.7 |
* The data of 15–64-year-olds are available in Table 20.2.1.3 among Summary tables (STADAT).
a) Compared to the same period of the previous year.
At the end of July 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 2% to 227 thousand.