Hungary Employed Persons  Forecast


Employed Persons in Hungary is expected to be 4419032.87 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 4411488.66 in 12 months time. In the long-term, the Hungary Employed Persons is projected to trend around 4378049.57 in 2020, according to our econometric models.


Hungary Employed Persons
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Hungary Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.2 4.2 4.3 4.4 4.4 5
Employed Persons 4444389 4419033 4417610 4416850 4411489 4378050
Unemployed Persons 195450 205003 206487 209152 211477 230417
Long Term Unemployment Rate 1.9 1.87 1.93 2 2.1 3.01
Youth Unemployment Rate 10.7 11.07 11.23 11.38 11.53 12.7
Labour Costs 121 115 120 120 116 117
Job Vacancies 65711 64663 63046 62251 61507 56199
Wages 290450 292476 292673 291925 291465 287098
Wage Growth 13.1 3.7 12.27 11.93 11.62 2.8
Minimum Wages 412 364 425 439 440 400
Population 9.8 9.8 9.76 9.76 9.76 9.73
Retirement Age Women 62.5 62.5 62.5 62.5 62.11 62.5
Retirement Age Men 62.5 62.5 62.5 62.5 62.28 62.5
Employment Change 0.3 0.28 0.23 0.21 0.17 0.12
Employment Rate 59.61 59.3 59.25 59.24 59.17 58.7
Full Time Employment 4129 4114 4105 4099 4091 4026
Productivity 101 111 95.97 100 103 107
Part Time Employment 194 190 190 189 189 184
Labor Force Participation Rate 62.23 62.16 62.1 62.08 62.04 61.71
Living Wage Family 230142 220345 220274 220252 220244 220241
Living Wage Individual 180032 176086 175643 175314 175070 174414
Wages High Skilled 271000 241260 239770 238672 237863 235745
Wages Low Skilled 116300 113863 113708 113587 113493 113197