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Facts & Statistics

March saw higher employment

Meanwhile, the labor reserve calculated by the Central Statistical Office (CSO) increased by 97,000 to close to 428,000.

In March, the average monthly number of employees aged 15–74 was 4,616,000, which is 41,000 more than a year earlier and 66,000 more than in the previous month, the Central Statistical Office (CSO) reported. 

The employment rate for 15–64-year-olds was 72.5 percent, up 0.7 percentage points from February and 1.2 percentage points higher than March of last year.

In the first three months of 2021, the average number of employees was 4,568,000, down only 39,000 from the same period last year. The number of employees in the 15–64 age group was 4,476,000, 51,000 less than a year ago. The employment rate, meanwhile, fell by 0.1 percentage points to 71.8 percent, increasing the number of unemployed by 39,000 and decreasing the number of economically active by 12,000. The number of the economically inactive also decreased by 51,000. 

The number of employees in the domestic primary labor market increased by 16,000 (0.4 percent). Among the members of Hungarian households working abroad, employment decreased by 39,000, and the number of public employees fell by 17,000.

The employment of young people, between 15 and 24 years old, fell by 23,000, with their employment rate falling by 1.9 percentage points to 26.9 percent in the first quarter of last year. Among 25–54-year-olds, the employment rate decreased by 0.8 percentage points to 85.6 percent, while the number of employed persons aged 55–64 increased by 7,000 and the employment rate by 2.8 percentage points to 61.2 percent. 

The number of male employees decreased by 8,000, while their employment rate increased by 0.4 percentage points to 77.2 percent due to demographic reasons. The number of female employees decreased by 43,000, and their employment rate fell 0.6 percentage points to 66.3 percent.

In terms of employment, the situation was most favorable in Budapest among those aged 15–64, where the rate was 76.0 percent, while the lowest figure was in both Northern Hungary and Southern Transdanubia, 66.2 percent. The largest decrease compared to the same period took place in Western Transdanubia, where the employment rate decreased by 1.6 percentage points.

Source
www.hirado.hu
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