Labor Force Participation Rate in Hungary decreased to 66.28 percent in August from 66.55 percent in July of 2021. source: Hungarian Central Statistical Office

Labor Force Participation Rate in Hungary averaged 58.54 percent from 2006 until 2021, reaching an all time high of 66.55 percent in July of 2021 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 November 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. 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

Related Last Previous Unit Reference
Unemployment Rate 3.80 3.90 percent Oct/21
Unemployed Persons 184196.00 189708.00 Sep/21
Employed Persons 4678442.00 4704345.00 Aug/21
Job Vacancies 74534.00 62535.00 Jun/21
Wages 414362.00 421001.00 HUF/Month Aug/21
Wage Growth 9.10 8.10 percent Aug/21
Population 9.77 9.77 Million Dec/20
Employment Rate 63.64 63.97 percent Aug/21
Labor Force Participation Rate 66.28 66.55 percent Aug/21
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.