Hungary Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Hungary is expected to be 1.34 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Hungary to stand at 1.26 in 12 months time. In the long-term, the Hungary Long Term Unemployment Rate is projected to trend around 1.22 percent in 2020, according to our econometric models.


Forecast Data Chart
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Hungary Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.7 4.2 4.3 4.4 4.5 5
Employed Persons 4483561 4462238 4466812 4468626 4467162 4467266
Unemployed Persons 173125 175895 178834 177964 178607 178523
Long Term Unemployment Rate 1.4 1.34 1.28 1.26 1.26 1.22
Youth Unemployment Rate 9.7 9.11 8.92 8.86 8.83 8.78
Labour Costs 124 123 123 123 123 123
Job Vacancies 83611 89610 94578 97311 102289 119067
Wages 321172 367000 342000 325672 325630 375000
Wage Growth 10.1 10.3 8.8 8.5 8.4 6
Minimum Wages 418 418 450 450 450 500
Population 9.78 9.78 9.75 9.75 9.74 9.73
Retirement Age Women 63.5 63.5 64 63.5 63.5 64.5
Retirement Age Men 63.5 63.5 64 63.5 63.5 64.5
Labor Force Participation Rate 62.64 62.54 62.5 62.54 62.55 62.54
Living Wage Family 239100 239900 239900 241778 242077 239900
Living Wage Individual 164300 166327 166611 166896 167181 168463
Part Time Employment 185 183 181 182 181 181
Productivity 105 105 105 105 105 105
Wages High Skilled 272000 280083 280083 235806 235944 285074
Wages Low Skilled 137900 140900 140900 119072 118921 141750
Employment Change 0.5 0.48 0.49 0.54 0.53 0.53
Employment Rate 60.31 60.63 60.62 60.63 60.63 60.63
Full Time Employment 4233 4243 4244 4257 4263 4275