Long Term Unemployment Rate in Hungary decreased to 0.90 percent in the second quarter of 2020 from 1 percent in the first quarter of 2020.

Long Term Unemployment Rate in Hungary averaged 3.24 percent from 1996 until 2020, reaching an all time high of 5.70 percent in the third quarter of 2010 and a record low of 0.90 percent in the fourth quarter of 2019. This page provides - Hungary Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Long Term Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Long Term Unemployment Rate in Hungary is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Hungary to stand at 1.20 in 12 months time. In the long-term, the Hungary Long Term Unemployment Rate is projected to trend around 1.20 percent in 2021 and 0.30 percent in 2022, according to our econometric models.

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Hungary Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 1.00 5.70 0.90 1996 - 2020 percent Quarterly

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 Long Term Unemployment Rate
In Hungary, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.