Unemployment rate at 4.5% – The Budapest Times

Industrial producer prices up by more than 5 percent
April 25, 2026

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Unemployment rate at 4.5% – The Budapest Times

In March 2026, the average number of employed persons aged 15–74 was 4 million 646 thousand. The number of unemployed persons was 219 thousand and the unemployment rate was 4.5%

In the period January–March 2026, the average number of employed persons aged 15–74 was 4 million 627 thousand, 65 thousand fewer than a year earlier. The number of employed people was down by 36 thousand to 2 million 457 thousand among males, while among females it decreased by 29 thousand to 2 million 170 thousand.

4 million 440 thousand people worked in the domestic primary labour market, 85 thousand fewer than in the same period of the previous year. The number of public workers was 69 thousand, while that of people working abroad was 119 thousand.

Among 15–64 year-olds, the employment rate decreased to 74.8%, alongside simultaneous declines in both the population and the number of employed persons. This rate was 78.6% for men and 70.9% for women.

In the period January–March 2026, the average number of unemployed people aged 15–74 was 226 thousand, the unemployment rate was 4.7%.2

The number of unemployed was 122 thousand for males and 104 thousand for females. The rate was 4.7% for men and 4.6% for women.2

The average duration of job search was 12.2 months, 35.3% of the unemployed had been looking for a job for less than 3 months, which is 8.1 percentage points lower than in the same period of the previous year. The proportion of those looking for a job for 4-11 months increased by 7.7 percentage points to 28.4%, while the share of unemployed people who had been seeking for work at least a year remained broadly unchanged at 36.3%.

According to the administrative data of the National Employment Service (https://nfsz.munka.hu/), the number of registered job seekers at the end of March 2026 decreased by 4.1% to 223 thousand compared to a year earlier.

 

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