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.

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Hungary Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.20 4.40 11.80 3.30 1999 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 08:00 AM Sep 4.4% 4.6% 5.1%
2020-11-27 08:00 AM Oct 4.3% 4.4% 4.5%
2021-01-05 08:00 AM Nov 4.4% 4.3% 4.4%
2021-01-28 08:00 AM Dec 4.2% 4.4% 4.6%
2021-02-26 08:00 AM Jan 4.2% 4.4%
2021-03-30 08:00 AM Feb
2021-04-28 07:00 AM Mar
2021-05-27 07:00 AM Apr


News Stream
Hungary Jobless Rate Rises to 4.2% in October-December
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.
2021-01-28
Hungary Jobless Rate Rises to 4.4% in September-November
Hungary's jobless rate rose to 4.4 percent in the September-November 2020 period from 3.5 percent in the corresponding period of last year, amid the pandemic crisis. The number of unemployed increased by 40 thousand to 204 thousand, while employment fell by 26 thousand to 4.48 million. The average duration of unemployment was 11.5 months and 32.8 percent of unemployed people had been looking for a job for one year or more.
2021-01-05
Hungary Unemployment Rate Rises to 4.3% in August-October
Hungary's jobless rate rose to 4.3 percent in the August–October 2020 period from 3.5 percent in the corresponding period of last year, amid the coronavirus crisis. The number of unemployed people increased by 38.6 thousand to 202.2 thousand, while employment fell by 38.0 thousand to 4.48 million.
2020-11-27
Hungary Jobless Rate Rises to 4.4% in Q3
The unemployment rate in Hungary increased to 4.4 percent in the three-month period to September of 2020 from 3.5 percent a year earlier, amid the adverse effects of the prolonged pandemic. The number of unemployed went up to 208.3 thousand from 162.5 thousand while the number of employed decreased to 4,485.5 thousand from 4,521 thousand. The average duration of unemployment was 10.8 months and 30.9 percent of unemployed people had been searching for a job for one year or more.
2020-10-29

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.