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 July 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.

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Hungary Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-26 07:00 AM Apr 3.5% 3.8% 3.7%
2022-06-23 07:00 AM May 3.4% 3.5% 3.4%
2022-07-28 07:00 AM Jun 3.4%


Related Last Previous Unit Reference
Unemployment Rate 3.40 3.50 percent May 2022
Employed Persons 4693335.00 4684271.00 Apr 2022
Unemployed Persons 164686.00 170290.00 Apr 2022
Job Vacancies 86881.00 79987.00 Mar 2022
Wages 492043.00 495657.00 HUF/Month Apr 2022
Wage Growth 15.10 17.00 percent Apr 2022
Population 9.77 9.77 Million Dec 2020
Employment Rate 63.99 63.84 percent Apr 2022
Labor Force Participation Rate 66.23 66.16 percent Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.50 11.80 3.30 1999 - 2022 percent Monthly

News Stream
Hungary Jobless Rate Drops to 3.4% in March-May
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.
2022-06-23
Hungary Jobless Rate Drops to 3.5% in February-April
The unemployment rate in Hungary fell to 3.5 percent in the February-April period of 2022, from 4.3 percent in the corresponding period of last year. The number of unemployed declined by 36 thousand to 170 thousand, while employment increased by 109 thousand to 4.684 million. The average time spent looking for a job was 9.2 months, with 34.7 percent of the unemployed looking for a job at least for a year.
2022-05-26
Hungary Jobless Rate Drops to 3.8% in December-February
The unemployment rate in Hungary fell to 3.8 percent in the December 2021-February 2022 period, from 4.5 percent in the corresponding period of last year. The number of unemployed declined by 33 thousand to 183.4 thousand, while employment increased by 101.5 thousand to 4.675 million. The average time spent looking for a job was 8.7 months, with 33.9 percent of the unemployed looking for a job at least for a year.
2022-03-25