Hungary Jobless Rate Reaches 4.5% in April

The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.5% in April, according to data released by the Central Statistics Office (KSH) on Thursday and reviewed by MTI.

In absolute terms, there were 216,000 unemployed. The number of employed reached 4,619,000.

The three-month rolling average for the number of employed reached 4,618,000, 55,000 fewer than in the same period a year earlier.

The number of people employed on the primary market stood at 4,430,000, down 72,000 from a year earlier. The number of Hungarians working abroad reached 120,000 and the number of people in fostered work programs was 68,000.

The employment rate for the 15-64 age group stood at 74.7%.

Data from the National Employment Service (NFSZ) show there were 221,000 registered jobseekers at the end of April, down 3.1% from twelve months earlier.

Jobseekers spent 13.1 months, on average, looking for work, but one-third 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 36.1%.