Labor Force Participation Rate in Hungary decreased to 62.59 percent in February from 62.78 percent in January of 2020.

Labor Force Participation Rate in Hungary averaged 57.83 percent from 2006 until 2020, reaching an all time high of 63.14 percent in September of 2019 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 May 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
62.59 62.78 63.14 53.84 2006 - 2020 percent Monthly
NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.50 11.80 3.30 percent [+]
Employed Persons 4465756.00 4489600.00 4520990.00 3678730.00 [+]
Unemployed Persons 172999.00 163741.00 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 377303.00 375232.00 406388.00 60268.00 HUF/Month [+]
Wage Growth 9.10 9.20 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 62.59 62.78 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 60.26 60.57 60.95 47.98 percent [+]
Full Time Employment 4250.40 4241.60 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.