The unemployment rate in Hungary fell to 3.4 percent in the March-May period of 2022, from 4.1 percent in the corresponding period of last year. It was the lowest jobless rate since early 2020, as the number of unemployed declined by 33 thousand to 165 thousand, while employment increased by 99 thousand to 4.693 million. The average time spent looking for a job was 9.9 months, with 35.9 percent of the unemployed looking for a job at least for a year. source: Hungarian Central Statistical Office
Unemployment Rate in Hungary averaged 6.87 percent from 1999 until 2022, 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 2022.
Unemployment Rate in Hungary is expected to be 3.90 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 3.80 percent in 2023, according to our econometric models.