The unemployment rate in Hungary increased to 4.4 percent in the three-month period to September of 2020 from 3.5 percent a year earlier, amid the adverse effects of the prolonged pandemic. The number of unemployed went up to 208.3 thousand from 162.5 thousand while the number of employed decreased to 4,485.5 thousand from 4,521 thousand. The average duration of unemployment was 10.8 months and 30.9 percent of unemployed people had been searching for a job for one year or more. source: Hungarian Central Statistical Office

Unemployment Rate in Hungary averaged 7.09 percent from 1999 until 2020, 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 November of 2020.

Unemployment Rate in Hungary is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Hungary to stand at 6.70 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 5.80 percent in 2021 and 4.90 percent in 2022, according to our econometric models.

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Hungary Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.60 11.80 3.30 1999 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-29 07:00 AM Jun 4.6% 4.1% 5.5%
2020-08-28 07:00 AM Jul 4.8% 4.6% 4.8%
2020-09-29 07:00 AM Aug 4.6% 4.8% 5.1%
2020-10-29 08:00 AM Sep 4.4% 4.6% 5.1%
2020-11-27 08:00 AM Oct 4.4% 4.5%
2021-01-07 08:00 AM Nov
2021-01-29 08:00 AM Dec
2021-02-26 08:00 AM Jan


News Stream
Hungary Jobless Rate Rises to 4.4% in Q3
The unemployment rate in Hungary increased to 4.4 percent in the three-month period to September of 2020 from 3.5 percent a year earlier, amid the adverse effects of the prolonged pandemic. The number of unemployed went up to 208.3 thousand from 162.5 thousand while the number of employed decreased to 4,485.5 thousand from 4,521 thousand. The average duration of unemployment was 10.8 months and 30.9 percent of unemployed people had been searching for a job for one year or more.
2020-10-29
Hungary Jobless Rate Remains at 3-Year High
The unemployment rate in Hungary increased to 4.6 percent in August of 2020 from 3.4 percent a year earlier, mainly reflecting the consequences of the coronavirus pandemic. The number of unemployed went up to 214.4 thousand from 156.9 thousand. Female unemployment was higher and growing faster than male unemployment: the number of unemployed women went up to 105 thousand and the unemployment rate to 5 percent. Among men aged 15–74, the number of unemployed increased to 109 thousand, and the unemployment rate to 4.2 percent. The average duration of unemployment was 9.8 months and 25.9 percent of unemployed people had been looking for a job for one year or more.
2020-09-29
Hungary Jobless Rate Highest in Near 4 Years
The unemployment rate in Hungary increased to 4.8 percent in July of 2020 from 3.4 percent a year earlier. It is the highest rate since September of 2016, mainly reflecting the consequences of the coronavirus pandemic. The number of unemployed went up to 224.3 thousand from 157.89 thousand. Female unemployment was higher and growing faster than male unemployment: the number of unemployed women went up to 106 thousand and the unemployment rate to 5.1 percent. Among men aged 15–74, the number of unemployed increased to 118 thousand, and the unemployment rate to 4.6 percent. Meanwhile, employment went down to 4.43 million from 4.51 million.
2020-08-28
Hungary Jobless Rate at Near 3-Year High
The unemployment rate in Hungary increased to 4.6 percent in June of 2020 from 3.3 percent a year earlier. It reached the highest rate since April of 2017, mainly reflecting the consequences of the coronavirus pandemic. The number of unemployed went up to 214.6 thousand from 155.48 thousand. Female unemployment was higher and rising faster: unemployed rose by 35 thousand to 102 thousand, and the unemployment rate by 1.7 percentage points to 4.9 percent. Among men aged 15–74, the number of unemployed increased by 24 thousand to 112 thousand, and the unemployment rate by 1 percentage point to 4.4 percent. Meanwhile, employment went down to 4.40 million from 4.51 million.
2020-07-29

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.