Hungary Employment Falls by 55,000 to 4.618 Million as Jobless Rate Holds at 4.5%
Updated
Updated · IndexBox, Inc. · May 28
Hungary Employment Falls by 55,000 to 4.618 Million as Jobless Rate Holds at 4.5%
1 articles · Updated · IndexBox, Inc. · May 28
Hungary counted 4.618 million employed people on average in February-April, down 55,000 from a year earlier, while unemployment averaged 219,000 and the jobless rate stayed at 4.5%.
The drop was driven by weaker hiring in the domestic primary labour market, where employment fell by 72,000 to 4.43 million; public workers numbered 68,000 and 120,000 worked abroad.
Women saw the sharper decline, with employment down 37,000 to 2.154 million, versus an 18,000 fall for men to 2.464 million.
Among people aged 15-64, the employment rate slipped to 74.7%—78.8% for men and 70.5% for women—while the average job search lasted 13.1 months and the share unemployed for at least a year rose to 36.1%.
Administrative data showed 221,000 registered job seekers at end-April, down 3.1% from a year earlier, suggesting official registrations improved even as survey-based employment weakened.
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