Labor Force Participation Rate in Hungary increased to 63.33 percent in July from 62.94 percent in June of 2020.

Labor Force Participation Rate in Hungary averaged 57.97 percent from 2006 until 2020, reaching an all time high of 63.33 percent in July of 2020 and a record low of 53.84 percent in March of 2008. This page provides - Hungary Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Labor Force Participation Rate - values, historical data and charts - was last updated on October of 2020.

Labor Force Participation Rate in Hungary is expected to be 62.83 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Hungary to stand at 62.87 in 12 months time. In the long-term, the Hungary Labor Force Participation Rate is projected to trend around 62.86 percent in 2021, according to our econometric models.

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Hungary Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
63.33 62.94 63.33 53.84 2006 - 2020 percent Monthly
NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.60 4.80 11.80 3.30 percent [+]
Employed Persons 4477272.00 4438933.00 4520990.00 3678730.00 [+]
Unemployed Persons 214437.00 224303.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 0.90 1.00 5.70 0.90 percent [+]
Youth Unemployment Rate 14.10 15.20 29.30 9.60 percent [+]
Labour Costs 151.50 142.10 151.50 30.60 points [+]
Job Vacancies 59698.00 58233.00 87665.00 21130.00 [+]
Wages 401847.00 421743.00 421743.00 60268.00 HUF/Month [+]
Wage Growth 10.80 15.60 26.19 -5.30 percent [+]
Minimum Wages 451.51 487.10 487.10 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 239.00 206.00 265.20 111.90 Thousand [+]
Labor Force Participation Rate 63.33 62.94 63.33 53.84 percent [+]
Productivity 107.90 109.90 109.90 62.20 points [+]
Employment Change -5.30 -0.30 1.80 -5.30 percent [+]
Employment Rate 60.43 59.91 60.95 47.98 percent [+]
Full Time Employment 4077.10 4180.40 4250.40 3150.50 Thousand [+]


Hungary Labor Force Participation Rate
In Hungary, labor force participation rate refers to the percentage of the population, both employed and unemployed, that constitutes the manpower supply of the labor market. Data presented as the 3-months moving average.