In absolute terms, there were 211,000 unemployed.

The number of employed reached 4,624,000.

For the period October-December, the average number of employed reached 4,642,000, 46,000 fewer than in the same period a year earlier. The number of people employed on the primary market stood at 4,457,000, down 58,000 from a year earlier.

The number of Hungarians working abroad reached 108,000 and the number of people in fostered work programmes was 78,000.

The employment rate for the 15-64 age group stood at 74.8pc.

Data from the National Employment Service (NFSZ) show there were 216,000 registered jobseekers at the end of December, down 2.2pc from twelve months earlier.

Jobseekers spent 12.7 months, on average, looking for work, but 39.1pc of the jobless found new positions in under three months. The percentage of jobless who had been looking for work for at least one year reached 36.2pc.

Full report available here

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com
 

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