The unemployment rate in Hungary increased to 4.3 percent in the February-April 2021 period from 3.7 percent in the corresponding period of last year. The average number of unemployed increased by 32 thousand to 206 thousand, mostly driven by higher youth unemployment, which accounted for one fifth of the unemployed population. Meanwhile, employment shrank by 9 thousand to 4.575 million, mainly due to declining employment among people working abroad but belonging to households in Hungary. The average duration of unemployment was 7.9 months and 27.3 percent of unemployed people had been looking for a job for one year or more. source: Hungarian Central Statistical Office

Unemployment Rate in Hungary averaged 7.02 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 June of 2021.

Unemployment Rate in Hungary is expected to be 6.20 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 5.40 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 4.90 percent in 2022 and 4.10 percent in 2023, according to our econometric models.

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Hungary Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.50 11.80 3.30 1999 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-26 08:00 AM Jan 4.3% 4.1% 4.4%
2021-03-30 07:00 AM Feb 4.5% 4.3% 4.5%
2021-04-28 07:00 AM Mar 4.5% 4.5% 4.8%
2021-05-27 07:00 AM Apr 4.3% 4.5% 4.5%
2021-06-29 07:00 AM May 4.3%
2021-07-28 07:00 AM Jun
2021-08-27 07:00 AM Jul
2021-09-28 07:00 AM Aug


News Stream
Hungary Jobless Rate Climbs to 4.3% in February-April
The unemployment rate in Hungary increased to 4.3 percent in the February-April 2021 period from 3.7 percent in the corresponding period of last year. The average number of unemployed increased by 32 thousand to 206 thousand, mostly driven by higher youth unemployment, which accounted for one fifth of the unemployed population. Meanwhile, employment shrank by 9 thousand to 4.575 million, mainly due to declining employment among people working abroad but belonging to households in Hungary. The average duration of unemployment was 7.9 months and 27.3 percent of unemployed people had been looking for a job for one year or more.
2021-05-27
Hungary Jobless Rate at 4.5% in January-March
Hungary's jobless rate rose to 4.5 percent in the January-March 2021 period from 3.7 percent in the corresponding period of last year. The number of unemployed increased by 42 thousand to 215 thousand, while employment fell by 39 thousand to 4.568 million, mainly due to declining employment among people working abroad but belonging to households in Hungary. The average duration of unemployment was 9 months and 26.4 percent of unemployed people had been looking for a job for one year or more.
2021-04-28
Hungary Jobless Rate Rises to 4.5% in December-February
Hungary's jobless rate rose to 4.5 percent in the December- February 2021 period from 3.5 percent in the corresponding period of last year. The number of unemployed increased by 53 thousand to 217 thousand, while employment fell by 50 thousand to 4.574 million, mainly due to declining employment among people working abroad but belonging to households in Hungary. The average duration of unemployment was 9 months and 26.6 percent of unemployed people had been looking for a job for one year or more.
2021-03-30
Hungary Jobless Rate Rises to 4.3% in November-January
Hungary's jobless rate rose to 4.3 percent in the November-January 2021 period from 3.4 percent in the corresponding period of last year, amid the adverse effects of a prolonged pandemic crisis. The number of unemployed increased by 49 thousand to 209 thousand, while employment fell by 26 thousand to 4.601 million, mainly due to declining employment among people working abroad but belonging to households in Hungary. The average duration of unemployment was 9.4 months and 28.9 percent of unemployed people had been looking for a job for one year or more.
2021-02-26

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.