The unemployment rate in Hungary fell to 3.8 percent in the August-October 2021 period, from 4.2 percent in the corresponding period of last year. It was the lowest jobless rate since the February-April 2020 period, as the number of unemployed decreased by 16.8 thousand to 184.2 thousand, while employment increased by 53.1 thousand to 4.677 million. Meanwhile, youth unemployment increased by 5.3 thousand to 43.4 thousand, and their unemployment rate rose by 1.9 percentage points to 13.7 percent. Nearly a quarter of all unemployed were young people. The average time spent looking for a job was 9.2 months and 35.8 percent of the unemployed had been looking for a job for at least a year. source: Hungarian Central Statistical Office

Unemployment Rate in Hungary averaged 6.95 percent from 1999 until 2021, reaching an all time high of 11.80 percent in March of 2010 and a record low of 3.30 percent in June of 2019. This page provides the latest reported value for - Hungary Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Unemployment Rate in Hungary is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Unemployment Rate is projected to trend around 3.70 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Hungary Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-28 07:00 AM Sep 3.9% 4.1% 3.7%
2021-11-29 08:00 AM Oct 3.8% 3.9% 3.7%
2022-01-05 08:00 AM Nov


Related Last Previous Unit Reference
Unemployment Rate 3.80 3.90 percent Oct/21
Employed Persons 4677400.00 4678442.00 Sep/21
Unemployed Persons 184196.00 189708.00 Sep/21
Job Vacancies 74534.00 62535.00 Jun/21
Wages 415913.00 414362.00 HUF/Month Sep/21
Wage Growth 9.20 9.10 percent Sep/21
Population 9.77 9.77 Million Dec/20
Employment Rate 63.65 63.64 percent Sep/21
Labor Force Participation Rate 66.16 66.28 percent Sep/21

News Stream
Hungary Jobless Rate Drops to 3.8% in Aug-Oct
The unemployment rate in Hungary fell to 3.8 percent in the August-October 2021 period, from 4.2 percent in the corresponding period of last year. It was the lowest jobless rate since the February-April 2020 period, as the number of unemployed decreased by 16.8 thousand to 184.2 thousand, while employment increased by 53.1 thousand to 4.677 million. Meanwhile, youth unemployment increased by 5.3 thousand to 43.4 thousand, and their unemployment rate rose by 1.9 percentage points to 13.7 percent. Nearly a quarter of all unemployed were young people. The average time spent looking for a job was 9.2 months and 35.8 percent of the unemployed had been looking for a job for at least a year.
2021-11-29
Hungary Jobless Rate Falls to 3.9% in July-September
The unemployment rate in Hungary fell to 3.9 percent in the July-September 2021 period, from 4.4 percent in the corresponding period of last year. The number of unemployed decreased by 18.1 thousand to 189.7 thousand, while employment increased by 36.2 thousand to 4,663 million. Meanwhile, youth unemployment increased by 3.2 thousand to 46.5 thousand. The average time duration of unemployment was 8.8 months and 34.1 percent of unemployed had been looking for a job for at least a year.
2021-10-28
Hungary Jobless Rate Down to 4.1% in May-July
The unemployment rate in Hungary fell to 4.1 percent in the May-July 2021 period, from 4.6 percent in the corresponding period of last year. The number of unemployed decreased by 14.6 thousand to 199.9 thousand, while employment increased by 39.6 thousand to 4,659 million. Meanwhile, youth unemployment increased to 51 thousand. The average time duration of unemployment was 8.8 months and 34.6 percent of unemployed had been looking for a job for at least a year.
2021-09-28

Hungary Unemployment Rate
In Hungary, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.