Hungary's unemployment rate edged down to 3.5 percent in the three-month period to April 2019 from 3.8 percent in the same period of the previous year. It is the lowest jobless rate since the series began in 1999. The number of unemployed fell by 14.6 thousand from a year earlier to 162 thousand and employment rose by 47 thousand to 4492 million. Also, the activity rate went up to 62.7 percent from 62.1 percent. By genders, the jobless rate decreased for women (3.5 percent vs 4.3 percent in Feb-April 2018) while it rose for men (3.5 percent vs 3.4 percent). The 15-24 age group registered the highest jobless rate (10.8 percent), followed by the 25-54 age group (3.1 percent) and the 55-74 age group (2.2 percent). Unemployment Rate in Hungary averaged 7.32 percent from 1999 until 2019, reaching an all time high of 11.80 percent in March of 2010 and a record low of 3.50 percent in April of 2019.

Unemployment Rate in Hungary is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Hungary to stand at 3.50 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.

Hungary Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-27 08:00 AM Unemployment Rate 3.7% 3.6% 4.30%
2019-03-28 08:00 AM Unemployment Rate 3.6% 3.7% 3.7%
2019-04-29 07:00 AM Unemployment Rate 3.6% 3.6% 3.7%
2019-05-29 07:00 AM Unemployment Rate 3.5% 3.6% 3.7%
2019-06-27 07:00 AM Unemployment Rate 3.5% 3.6%
2019-07-29 07:00 AM Unemployment Rate 3.6%
2019-08-28 07:00 AM Unemployment Rate 3.6%


Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.60 11.80 3.50 percent [+]
Employed Persons 4491641.00 4497052.00 4502086.00 3678730.00 [+]
Unemployed Persons 162424.00 165722.00 506520.00 162424.00 [+]
Long Term Unemployment Rate 1.30 1.40 5.70 1.30 percent [+]
Youth Unemployment Rate 11.30 11.00 29.50 9.60 percent [+]
Labour Costs 133.40 120.70 133.40 31.30 Index Points [+]
Job Vacancies 83337.00 87665.00 87665.00 21130.00 [+]
Wages 367160.00 345860.00 367160.00 60268.00 HUF/Month [+]
Wage Growth 10.20 12.10 26.19 -5.30 percent [+]
Minimum Wages 464.20 418.47 464.20 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 62.73 62.84 62.93 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 [+]
Part Time Employment 189.70 194.70 265.20 111.90 Thousand [+]
Productivity 100.10 121.70 121.70 59.70 Index Points [+]
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 1.00 0.70 2.70 -1.40 percent [+]
Employment Rate 60.54 60.61 68.70 47.98 percent [+]
Full Time Employment 4226.70 4230.90 4233.10 3150.50 Thousand [+]


Hungary Unemployment Rate

In Hungary, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Hungary Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.60 11.80 3.50 1999 - 2019 percent Monthly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.50 Apr/19
Italy 10.20 Apr/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.60 Apr/19
Saudi Arabia 6.00 Dec/18
Canada 5.40 May/19
Australia 5.20 May/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.00 May/19
United Kingdom 3.80 Apr/19
China 3.67 Mar/19
United States 3.60 May/19
India 3.53 Dec/18
Mexico 3.50 Apr/19
Netherlands 3.30 Apr/19
Germany 3.20 Apr/19
Japan 2.40 Apr/19
Switzerland 2.30 May/19
Singapore 2.20 Mar/19


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