Employment Rate in Hungary increased to 59.91 percent in June from 59.49 percent in May of 2020.

Employment Rate in Hungary averaged 53.65 percent from 2006 until 2020, reaching an all time high of 60.95 percent in November of 2019 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 September of 2020.

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 2021, according to our econometric models.

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Hungary Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
59.91 59.49 60.95 47.98 2006 - 2020 percent Monthly
NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 4.60 11.80 3.30 percent [+]
Employed Persons 4438933.00 4408224.00 4520990.00 3678730.00 [+]
Unemployed Persons 224303.00 214166.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.00 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 15.20 15.90 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 421743.00 398778.00 421743.00 60268.00 HUF/Month [+]
Wage Growth 15.60 9.40 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 206.00 187.20 265.20 111.90 Thousand [+]
Labor Force Participation Rate 62.94 62.38 63.14 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 59.91 59.49 60.95 47.98 percent [+]
Full Time Employment 4180.40 4250.40 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.