FX.co ★ Hungary Jobless Rate Drops to 4.3% in January-March

The unemployment rate in Hungary has decreased to 4.3% for the January-March 2025 period, down from 4.6% during the same timeframe last year. This reduction in the unemployment rate corresponds to a decline of 14,000 in the number of unemployed individuals, bringing the total to 212,800. From this figure, 116,200 were men and 96,500 were women. The unemployment rate among men fell to 4.5%, dropping by 0.4 percentage points compared to the previous year, while the rate for women remained relatively stable at 4.2%. On average, job seekers spent 13.1 months searching for employment. Among the unemployed, 41.8% had been job hunting for less than three months, whereas 37% had been seeking work for at least a year. Concurrently, the number of employed individuals increased by 1,800, reaching a total of 4.692 million. Employment for men climbed by 12,700 to 2.493 million, whereas employment for women decreased by 10,900, lowering the total to 2.198 million.