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Unemployment Rate In Hungary Sinks To 6,2%, Stats Office Data Reveals

Tamás Székely 2016.01.05.

The unemployment rate in Hungary has decreased recently by 1.0 percentage point to 6.2%, a fresh report by the Central Statistical Office (KSH) shows. In the September-November period of 2015 the number of unemployed Hungarians was 284 thousand, 37 thousand fewer than a year earlier.

ksh

source: ksh.hu

KSH’s report points out that the men were characterized by a lower level of unemployment, while the improvement was higher for women. The number of 15–74 year-old unemployed men decreased by 17 thousand to 152 thousand, and their unemployment rate by 0.9 percentage point to 6.1%. The number of unemployed women declined by 20 thousand to 132 thousand, and their unemployment rate by 1.1 percentage points to 6.3%.

The unemployment rate of the 15–24 age group decreased by 4.3 percentage points to 15.1%, however, 19% of unemployed people in Hungary 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 0.6 percentage point to 5.6%, and the rate for persons aged 55–64 also decreased by 0.7 percentage point to 5.3%.

The average duration of unemployment in Hungary is 18.8 months. 49.7% of unemployed people still remain long-term unemployed, as they have been searching for a new job for one year or more. According to the administrative data of the National Employment Service, at the end of November 2015, the total number of registered Hungarian job-seekers was 351 thousand, which means a 14.1% decrease.

via ksh.hu