Hungary Unemployment Rate  Forecast


Unemployment Rate in Hungary is expected to be 4.30 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 4.40 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Hungary Unemployment Rate
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Hungary Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 4.2 4.3 4.2 4.3 4.4 5
Employed Persons 4433638 4431397 4415999 4420553 4423322 4421620
Unemployed Persons 193414 197284 194002 194843 194182 194232
Long Term Unemployment Rate 1.9 1.76 1.73 1.71 1.69 1.66
Youth Unemployment Rate 10.6 10.35 10.19 10.1 10.02 9.84
Labour Costs 121 114 115 120 120 117
Job Vacancies 65711 65552 64663 63046 62251 56199
Wages 297251 294126 294889 294664 294728 294714
Wage Growth 13.1 12.77 3.7 12.81 12.81 2.8
Minimum Wages 412 410 364 422 434 400
Population 9.8 9.8 9.8 9.76 9.76 9.71
Retirement Age Women 62.5 62.5 62.5 62.5 62.5 62.5
Retirement Age Men 62.5 62.5 62.5 62.5 62.5 62.5
Employment Change 0.3 0.76 0.65 0.61 0.68 0.69
Employment Rate 59.43 59.45 59.27 59.31 59.33 59.32
Full Time Employment 4129 4181 4185 4180 4190 4215
Productivity 101 103 111 95.97 100 107
Part Time Employment 194 192 190 187 186 182
Labor Force Participation Rate 62.02 62.08 61.95 61.96 61.98 61.97
Living Wage Family 230142 220567 220345 220274 220252 220241
Living Wage Individual 180032 176684 176086 175643 175314 174414
Wages High Skilled 271000 284589 284551 284562 284559 284559
Wages Low Skilled 116300 114062 113863 113708 113587 113197