Hungary's unemployment rate decreased to an all-time low of 3.4 percent in March-May 2019 from 3.7 percent in the corresponding period one year ago, as the number of unemployed fell by 10.3 thousand to 160 thousand while employment rose by 43.3 thousand to 4.500 million. Unemployment Rate in Hungary averaged 7.31 percent from 1999 until 2019, reaching an all time high of 11.80 percent in March of 2010 and a record low of 3.40 percent in May of 2019.
Unemployment Rate in Hungary is expected to be 3.40 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 3.50 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.