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In June, the average number of employed persons aged 15-74 was 4,739,000. This is 53,000 more than in the previous month. In the three-month period from April to June, the average number of employed persons was 4,693,000, up by 74,000 compared to the second quarter of last year, the Hungarian Central Statistical Office (KSH) reported on Thursday.
The number of people working in the domestic primary labor market increased by 67,000, the number of people working abroad increased by 13,000 and the number of people in public employment decreased by 6,000 in the April-June period compared to a year earlier.
The increase in the number of employed persons was offset by a 41,000 decrease in the number of unemployed, and a 33,000 increase in the number of economically inactive people- new entrants to the labor market. In parallel with the 29,000 decrease in the population aged 15-74, the number of economically inactive fell by 62,000, while the potential labor reserve, as calculated by the HCSO, decreased by 104,000 in one year to an estimated 262,000.
The employment rate for the 15-64 age group was 74.3%, 1.0 percentage points higher than a year earlier.
The employment rate for young people aged 15-24 fell by 0.5 percentage points to 26.6 percent, the employment rate for the prime working age group 25-54 rose by 1.5 percentage points to 88.4 percent, while the employment rate for older people aged 55-64 rose by 3.1 percentage points to 65.3 percent.
For males aged 15-64, the number of employed persons increased by 23,000 in a year, and their employment rate rose by 1.2 percentage points to 78.8 percent. The number of employed women increased by 39,000 and their employment rate rose by 1.7 percentage points to 69.8 percent.
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