Hungary Employed Persons - Forecast

Employed Persons in Hungary is expected to be 4459314.08 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employed Persons in Hungary to stand at 4454065.50 in 12 months time. In the long-term, the Hungary Employed Persons is projected to trend around 4454278.97 in 2020, according to our econometric models.


Hungary Employed Persons
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Hungary Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.8 3.8 4 4.2 4.3 5
Employed Persons 4444964 4459314 4456159 4452684 4454066 4454279
Unemployed Persons 176986 173001 173964 173066 173308 173133
Long Term Unemployment Rate 1.5 1.39 1.42 1.49 1.57 2.73
Youth Unemployment Rate 10 9.92 9.67 9.63 9.58 9.54
Labour Costs 130 126 125 124 124 124
Job Vacancies 79428 84061 90443 90265 95255 121401
Wages 331505 339000 339000 367000 342000 375000
Wage Growth 12.6 9.8 5.1 3.4 12.43 2.8
Minimum Wages 445 445 445 445 500 550
Population 9.8 9.76 9.76 9.77 9.77 9.71
Retirement Age Women 63.5 63.5 63.5 63.5 64 64.5
Retirement Age Men 63.5 63.5 63.5 63.5 64 64.5
Labor Force Participation Rate 62.15 62.28 62.24 62.2 62.21 62.22
Living Wage Family 239100 239900 239900 239900 239900 239900
Living Wage Individual 164300 164300 164300 164300 164300 164300
Part Time Employment 191 191 178 191 178 191
Productivity 98 104 105 105 105 105
Wages High Skilled 272000 280083 280083 280083 280083 285074
Wages Low Skilled 137900 140900 140900 140900 140900 141750
Employment Change 0.7 0.7 0.63 0.55 0.57 0.6
Employment Rate 59.77 67.63 60.03 53.72 61.58 57.72
Full Time Employment 4207 4207 4208 4207 4208 4208