Labor Force Participation Rate in Hungary decreased to 63.11 percent in October from 63.14 percent in September of 2019.

Labor Force Participation Rate in Hungary averaged 57.71 percent from 2006 until 2019, reaching an all time high of 63.14 percent in September of 2019 and a record low of 53.84 percent in March of 2008. This page provides - Hungary Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labor Force Participation Rate in Hungary is expected to be 62.83 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Hungary to stand at 62.87 in 12 months time. In the long-term, the Hungary Labor Force Participation Rate is projected to trend around 62.86 percent in 2020, according to our econometric models.


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Hungary Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
63.11 63.14 63.14 53.84 2006 - 2019 percent Monthly
NSA

Hungary Labor Force Participation Rate
In Hungary, labor force participation rate refers to the percentage of the population, both employed and unemployed, that constitutes the manpower supply of the labor market. Data presented as the 3-months moving average.

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.50 11.80 3.30 percent [+]
Employed Persons 4517042.00 4520453.00 4520990.00 3678730.00 [+]
Unemployed Persons 163286.00 163616.00 506520.00 155488.00 [+]
Long Term Unemployment Rate 1.10 1.10 5.70 1.10 percent [+]
Youth Unemployment Rate 13.00 12.40 29.50 9.60 percent [+]
Labour Costs 123.10 130.70 133.40 31.30 points [+]
Job Vacancies 78315.00 79684.00 87665.00 21130.00 [+]
Wages 365135.00 360709.00 371131.00 60268.00 HUF/Month [+]
Wage Growth 11.60 11.80 26.19 -5.30 percent [+]
Minimum Wages 464.20 464.20 464.20 89.15 EUR/Month [+]
Population 9.78 9.80 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 [+]
Labor Force Participation Rate 63.11 63.14 63.14 53.84 percent [+]
Living Wage Family 221500.00 212300.00 221500.00 202500.00 HUF/Month [+]
Living Wage Individual 144800.00 135900.00 144800.00 127200.00 HUF/Month [+]
Productivity 114.40 109.40 121.70 59.70 points [+]
Part Time Employment 201.00 197.30 265.20 111.90 Thousand [+]
Wages High Skilled 281600.00 246400.00 281600.00 218900.00 HUF/Month [+]
Wages Low Skilled 140400.00 120700.00 140400.00 109400.00 HUF/Month [+]
Employment Change 0.20 0.30 1.80 -1.30 percent [+]
Employment Rate 60.90 60.94 60.94 47.98 percent [+]
Full Time Employment 4241.60 4236.50 4241.60 3150.50 Thousand [+]