Employment Rate in Hungary increased to 62.15 percent in December from 60.53 percent in November of 2020. source: Hungarian Central Statistical Office

Employment Rate in Hungary averaged 53.89 percent from 2006 until 2020, reaching an all time high of 62.15 percent in December of 2020 and a record low of 47.98 percent in February of 2010. This page provides - Hungary Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Employment Rate - values, historical data and charts - was last updated on February of 2021.

Employment Rate in Hungary is expected to be 60.54 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Hungary to stand at 60.54 in 12 months time. In the long-term, the Hungary Employment Rate is projected to trend around 60.54 percent in 2022, according to our econometric models.

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Hungary Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
62.15 60.53 62.15 47.98 2006 - 2020 percent Monthly
NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.10 11.80 3.30 percent [+]
Employed Persons 4600958.00 4482318.00 4600958.00 3678730.00 [+]
Unemployed Persons 208869.00 196507.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 11.60 11.90 29.30 9.60 percent [+]
Labour Costs 125.90 151.50 151.50 30.60 points [+]
Job Vacancies 63172.00 59698.00 87665.00 21130.00 [+]
Wages 449442.00 438246.00 449442.00 60268.00 HUF/Month [+]
Wage Growth 10.60 8.60 26.19 -5.30 percent [+]
Minimum Wages 442.44 451.51 487.10 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 207.90 239.00 265.20 111.90 Thousand [+]
Labor Force Participation Rate 64.97 63.18 64.97 53.84 percent [+]
Productivity 108.90 107.90 109.90 62.20 points [+]
Employment Change 2.40 -4.50 2.40 -4.50 percent [+]
Employment Rate 62.15 60.53 62.15 47.98 percent [+]
Full Time Employment 4195.20 4077.10 4250.40 3150.50 Thousand [+]


Hungary Employment Rate
In Hungary, the employment rate measures the number of people who have a job as a percentage of the working age population.