Hungary's unemployment rate decreased to an all-time low of 3.3 percent in April-June 2019 from 3.6 percent in the corresponding period of the previous year, as the number of unemployed fell by 4.9 thousand to 155.5 thousand while employment rose 10.5 thousand to 4.510,9 million. At the same time, the labour force participation rate rose by 0.5 percent from the previous year to 62.9 percent in the second quarter of 2019 and employment rate went up 0.6 percent to 60.8 percent. Unemployment Rate in Hungary averaged 7.29 percent from 1999 until 2019, reaching an all time high of 11.80 percent in March of 2010 and a record low of 3.30 percent in June of 2019.

Unemployment Rate in Hungary is expected to be 3.40 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
2019-04-29 07:00 AM Unemployment Rate Mar 3.6% 3.6% 3.7%
2019-05-29 07:00 AM Unemployment Rate Apr 3.5% 3.6% 3.7%
2019-06-27 07:00 AM Unemployment Rate May 3.4% 3.5% 3.6%
2019-07-29 07:00 AM Unemployment Rate Jun 3.3% 3.4% 3.4%
2019-08-28 07:00 AM Unemployment Rate Jul 3.3% 3.4%
2019-09-27 07:00 AM Unemployment Rate Aug 3.3%
2019-10-29 08:00 AM Unemployment Rate Sep 3.4%


Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.40 11.80 3.30 percent [+]
Employed Persons 4510859.00 4500356.00 4510859.00 3678730.00 [+]
Unemployed Persons 155488.00 160375.00 506520.00 155488.00 [+]
Long Term Unemployment Rate 1.20 1.30 5.70 1.20 percent [+]
Youth Unemployment Rate 11.50 11.90 29.50 9.60 percent [+]
Labour Costs 133.40 120.70 133.40 31.30 Index Points [+]
Job Vacancies 80024.00 83337.00 87665.00 21130.00 [+]
Wages 364354.00 371131.00 371131.00 60268.00 HUF/Month [+]
Wage Growth 11.20 9.00 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 62.88 62.81 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 [+]
Productivity 100.10 121.70 121.70 59.70 Index Points [+]
Part Time Employment 196.00 189.70 265.20 111.90 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 1.00 0.70 2.70 -1.40 percent [+]
Employment Rate 60.78 60.65 68.70 47.98 percent [+]
Full Time Employment 4234.00 4226.70 4234.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 11.80 3.30 1999 - 2019 percent Monthly




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 12.80 May/19
Brazil 12.00 Jun/19
Argentina 10.10 Mar/19
Italy 9.70 Jun/19
France 8.50 Jun/19
Euro Area 7.50 Jun/19
India 6.00 Dec/18
Canada 5.70 Jul/19
Saudi Arabia 5.70 Mar/19
Australia 5.20 Jul/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jul/19
United Kingdom 3.90 Jun/19
United States 3.70 Jul/19
China 3.61 Jun/19
Mexico 3.60 Jun/19
Netherlands 3.40 Jul/19
Germany 3.10 Jun/19
Japan 2.30 Jun/19
Singapore 2.20 Jun/19
Switzerland 2.10 Jul/19


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