The unemployment rate in Hungary fell to 3.9 percent in the July-September 2021 period, from 4.4 percent in the corresponding period of last year. The number of unemployed decreased by 18.1 thousand to 189.7 thousand, while employment increased by 36.2 thousand to 4,663 million. Meanwhile, youth unemployment increased by 3.2 thousand to 46.5 thousand. The average time duration of unemployment was 8.8 months and 34.1 percent of unemployed had been looking for a job for at least a year. source: Hungarian Central Statistical Office
Unemployment Rate in Hungary averaged 6.96 percent from 1999 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
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. In the long-term, the Hungary Unemployment Rate is projected to trend around 3.70 percent in 2022 and 3.50 percent in 2023, according to our econometric models.