Labor Force Participation Rate in Hungary decreased to 63.19 percent in October from 63.24 percent in September of 2020. source: Hungarian Central Statistical Office

Labor Force Participation Rate in Hungary averaged 58.06 percent from 2006 until 2020, reaching an all time high of 63.36 percent in August of 2020 and a record low of 53.84 percent in March of 2008. 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 January 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
63.19 63.24 63.36 53.84 2006 - 2020 percent Monthly
NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.40 4.30 11.80 3.30 percent [+]
Employed Persons 4476449.00 4482445.00 4520990.00 3678730.00 [+]
Unemployed Persons 203763.00 202168.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 11.90 11.50 29.30 9.60 percent [+]
Labour Costs 125.90 151.50 151.50 30.60 points [+]
Job Vacancies 63172.00 59698.00 87665.00 21130.00 [+]
Wages 397364.00 392349.00 421743.00 60268.00 HUF/Month [+]
Wage Growth 8.80 8.80 26.19 -5.30 percent [+]
Minimum Wages 451.51 487.10 487.10 89.15 EUR/Month [+]
Population 9.77 9.78 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 207.90 239.00 265.20 111.90 Thousand [+]
Labor Force Participation Rate 63.19 63.24 63.36 53.84 percent [+]
Productivity 108.90 107.90 109.90 62.20 points [+]
Employment Change -5.30 -0.30 1.80 -5.30 percent [+]
Employment Rate 60.44 60.51 60.95 47.98 percent [+]
Full Time Employment 4195.20 4077.10 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.