Employment in Hungary decreased by 5.3 percent from the previous period in the second quarter of 2020. source: Eurostat

Employment Change in Hungary averaged 0.12 percent from 1995 until 2020, reaching an all time high of 1.80 percent in the first quarter of 2014 and a record low of -5.30 percent in the second quarter of 2020. This page provides - Hungary Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Employment Change - values, historical data and charts - was last updated on November of 2020.

Employment Change in Hungary is expected to be 0.54 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in Hungary to stand at 0.55 in 12 months time. In the long-term, the Hungary Employment Change is projected to trend around 0.52 percent in 2021 and 0.53 percent in 2022, according to our econometric models.

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Hungary Employment Change

Actual Previous Highest Lowest Dates Unit Frequency
-5.30 -0.30 1.80 -5.30 1995 - 2020 percent Quarterly
SA, WDA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.40 11.80 3.30 percent [+]
Employed Persons 4482445.00 4485538.00 4520990.00 3678730.00 [+]
Unemployed Persons 202168.00 208296.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 0.90 1.00 5.70 0.90 percent [+]
Youth Unemployment Rate 12.40 14.10 29.30 9.60 percent [+]
Labour Costs 151.50 142.10 151.50 30.60 points [+]
Job Vacancies 59698.00 58233.00 87665.00 21130.00 [+]
Wages 391614.00 401847.00 421743.00 60268.00 HUF/Month [+]
Wage Growth 9.10 10.80 26.19 -5.30 percent [+]
Minimum Wages 451.51 487.10 487.10 89.15 EUR/Month [+]
Population 9.77 9.78 10.71 9.21 Million [+]
Retirement Age Women 64.00 63.50 64.00 59.00 [+]
Retirement Age Men 64.00 63.50 64.00 60.00 [+]
Part Time Employment 239.00 206.00 265.20 111.90 Thousand [+]
Labor Force Participation Rate 63.24 63.36 63.36 53.84 percent [+]
Productivity 107.90 109.90 109.90 62.20 points [+]
Employment Change -5.30 -0.30 1.80 -5.30 percent [+]
Employment Rate 60.51 60.55 60.95 47.98 percent [+]
Full Time Employment 4077.10 4180.40 4250.40 3150.50 Thousand [+]


Hungary Employment Change
In Hungary, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment.