Employment Rate in Hungary decreased to 59.85 percent in March from 60.26 percent in February of 2020.

Employment Rate in Hungary averaged 53.55 percent from 2006 until 2020, reaching an all time high of 60.95 percent in November of 2019 and a record low of 47.98 percent in February of 2010. This page provides - Hungary Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Employment Rate - values, historical data and charts - was last updated on June of 2020.

Employment Rate in Hungary is expected to be 60.54 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Hungary to stand at 60.54 in 12 months time. In the long-term, the Hungary Employment Rate is projected to trend around 60.54 percent in 2021, according to our econometric models.

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Hungary Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
59.85 60.26 60.95 47.98 2006 - 2020 percent Monthly
NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.70 11.80 3.30 percent [+]
Employed Persons 4435930.00 4465756.00 4520990.00 3678730.00 [+]
Unemployed Persons 174086.00 172999.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 0.90 1.10 5.70 0.90 percent [+]
Youth Unemployment Rate 11.30 10.70 29.30 9.60 percent [+]
Labour Costs 128.60 123.10 133.40 31.30 points [+]
Job Vacancies 74824.00 78315.00 87665.00 21130.00 [+]
Wages 400386.00 377303.00 406388.00 60268.00 HUF/Month [+]
Wage Growth 9.00 9.10 26.19 -5.30 percent [+]
Minimum Wages 464.20 464.20 464.20 89.15 EUR/Month [+]
Population 9.77 9.78 10.71 9.21 Million [+]
Retirement Age Women 64.00 63.50 64.00 59.00 [+]
Retirement Age Men 64.00 63.50 64.00 60.00 [+]
Part Time Employment 187.20 201.00 265.20 111.90 Thousand [+]
Labor Force Participation Rate 62.20 62.59 63.14 53.84 percent [+]
Living Wage Family 221500.00 212300.00 221500.00 202500.00 HUF/Month [+]
Living Wage Individual 144800.00 135900.00 144800.00 127200.00 HUF/Month [+]
Wages High Skilled 281600.00 246400.00 281600.00 218900.00 HUF/Month [+]
Wages Low Skilled 140400.00 120700.00 140400.00 109400.00 HUF/Month [+]
Productivity 108.80 108.30 108.80 62.20 points [+]
Employment Change 0.20 0.10 1.80 -1.30 percent [+]
Employment Rate 59.85 60.26 60.95 47.98 percent [+]
Full Time Employment 4250.40 4241.60 4250.40 3150.50 Thousand [+]


Hungary Employment Rate
In Hungary, the employment rate measures the number of people who have a job as a percentage of the working age population.