Labor Force Participation Rate in Hungary increased to 65.25 percent in March from 64.59 percent in February of 2021. source: Hungarian Central Statistical Office

Labor Force Participation Rate in Hungary averaged 58.34 percent from 2006 until 2021, reaching an all time high of 65.27 percent in August of 2020 and a record low of 53.84 percent in January of 2009. This page provides - Hungary Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Labor Force Participation Rate - values, historical data and charts - was last updated on May of 2021.

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 2022, according to our econometric models.

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Hungary Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
65.25 64.59 65.27 53.84 2006 - 2021 percent Monthly
NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.50 11.80 3.30 percent [+]
Employed Persons 4615983.00 4573600.00 4627205.00 3678730.00 [+]
Unemployed Persons 193616.00 216800.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 11.50 13.60 29.30 9.60 percent [+]
Labour Costs 132.20 126.60 144.50 30.60 points [+]
Job Vacancies 61573.00 63172.00 87665.00 21130.00 [+]
Wages 401934.00 411032.00 449442.00 60268.00 HUF/Month [+]
Wage Growth 9.60 9.20 26.19 -5.30 percent [+]
Minimum Wages 442.44 451.51 487.10 89.15 EUR/Month [+]
Population 9.77 9.77 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 192.40 207.90 265.20 111.90 Thousand [+]
Labor Force Participation Rate 65.25 64.59 65.27 53.84 percent [+]
Productivity 110.50 108.90 110.50 62.20 points [+]
Employment Change 0.80 2.50 2.50 -4.40 percent [+]
Employment Rate 62.62 61.70 63.12 49.49 percent [+]
Full Time Employment 4205.30 4195.20 4250.40 3150.50 Thousand [+]


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.