Hungary's jobless rate rose to 4.2 percent in the October-December 2020 period from 3.3 percent in the corresponding period of last year, amid the ongoing pandemic crisis. The number of unemployed increased by 41 thousand to 197 thousand, while employment fell by 37 thousand to 4.48 million. The average duration of unemployment was 11.1 months and 31.4 percent of unemployed people had been looking for a job for one year or more. source: Hungarian Central Statistical Office
Unemployment Rate in Hungary averaged 7.06 percent from 1999 until 2020, 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 February of 2021.
Unemployment Rate in Hungary is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Hungary to stand at 5.80 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 4.90 percent in 2022, according to our econometric models.