Hungary's jobless rate fell to 3.3 in the three months to December 2019 from 3.6 percent in the corresponding period of last year, as the number of unemployed people dropped by 12 thousand to 155.2 thousand. Considering 2019 as a whole, the jobless rate was at 3.4 percent, 0.3 percentage point lower than in 2018. Hungary Unemployment Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Unemployment Rate in Hungary averaged 7.20 percent from 1999 until 2019, 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. source: Hungarian Central Statistical Office

Unemployment Rate in Hungary is expected to be 3.50 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 3.50 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 3.40 percent in 2021, according to our econometric models.


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Hungary Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.50 11.80 3.30 1999 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-29 08:00 AM Sep 3.5% 3.4% 3.4%
2019-11-27 08:00 AM Oct 3.5% 3.5% 3.4%
2020-01-07 08:00 AM Nov 3.5% 3.5% 3.5%
2020-01-29 08:00 AM Dec 3.3% 3.5% 3.5%
2020-02-27 08:00 AM Jan 3.3% 3.3%
2020-03-27 08:00 AM Feb
2020-04-28 07:00 AM Mar 3.50%
2020-05-27 07:00 AM Apr


News Stream
Hungary Jobless Rate Falls to 3.3% in Oct-Dec
Hungary's jobless rate fell to 3.3 percent in the three months to December 2019 from 3.6 percent in the corresponding period of last year, as the number of unemployed people dropped by 12 thousand to 155.2 thousand. Considering 2019 as a whole, the jobless rate was at 3.4 percent, 0.3 percentage point lower than in 2018.
2020-01-29
Hungary Unemployment Rate Falls in Sep-Nov
Hungary's jobless rate edged down to 3.5 percent in the three months to November 2019 from 3.6 percent in the same period last year, as the number of unemployed people declined by 5.4 thousand to 163.3 thousand.
2020-01-07
Hungary Jobless Rate Falls to 3.5% in Aug-Oct
Hungary's unemployment rate decreased to 3.5 percent in August-October 2019 from 3.7 percent in the corresponding period of the previous year, as the number of unemployed fell by 9.3 thousand to 163.6 thousand while employment increased by 18.4 thousand to 4.52 million. The employment rate rose to 60.9 percent from 60.6 percent a year ago, while the activity rate went up to 63.1 percent from 62.9 percent.
2019-11-27
Hungary Jobless Rate at 3.5% in Q3
Hungary's unemployment rate dropped to 3.5 percent in July-September 2019 from 3.8 percent in the corresponding period of the previous year, as the number of unemployed fell by 15 thousand to 163 thousand while employment increased by 34 thousand to 4.52 million. The employment rate rose to 60.9 percent from 60.4 percent a year ago, while the activity rate went up to 63.1 percent from 62.8 percent.
2019-10-29

Hungary Unemployment Rate
In Hungary, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.