Unemployment in Hungary Rises to 4.2% in January

  • 26 Feb 2022 6:59 AM
  • Budapest Business Journal
Unemployment in Hungary Rises to 4.2% in January
In January 2022, the number of unemployed was 201,000 and the unemployment rate was 4.2%, according to data released by the Central Statistical Office (KSH).

In the November 2021 - January 2022 period, the average number of unemployed persons was 183,000 and the unemployment rate was 3.8%.

In November 2021 - January 2022, the number of unemployed persons aged 15–74 decreased by 26,000 and their unemployment rate by 0.6 percentage points. Among men, the number of unemployed persons was 95,000 and the unemployment rate decreased by 0.5 percentage points to 3.7%.

Among women, the number of unemployed was 88,000 and their unemployment rate fell by 0.7 percentage points to 3.9%.

The number of unemployed people aged 15-24 was 36,000, with an unemployment rate of 11.7%. Nearly a fifth of all unemployed were young people.

The unemployment rate for the 25-54 age group fell by 0.5 percentage points to 3.3%, and for the 55-74 age group by 0.4 percentage points to 2.9%.

The average time spent looking for a job was 8.8 months and 33.7% of the unemployed had been looking for a job for at least a year.

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Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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