Hungary Unemployment Rate

Unemployment Rate in Hungary remained unchanged at 8 percent in June of 2014 from 8 percent in May of 2014. Unemployment Rate in Hungary averaged 8 Percent from 1999 until 2014, reaching an all time high of 11.80 Percent in March of 2010 and a record low of 5.50 Percent in October of 2001. Unemployment Rate in Hungary is reported by the Hungarian Central Statistical Office.

   
 
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Hungary Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.00 11.80 5.50 1999 - 2014 Percent Monthly
In Hungary, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Hungary Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Hungarian Unemployment Rate Falls to Nearly 5-Year Low


In the first quarter of 2014, Hungary jobless rate fell to 8.3 percent from 8.6 percent in the previous period and 11.8 percent a year earlier.

In the first three months of 2014, the number of unemployed people was 370 thousand, 139 thousand fewer than in the same period of 2013. Each of the seven statistical regions was characterized by decreasing unemployment.

In January to March of 2014, the unemployment rate of male population decreased by 4.3 percentage points to 8.1 percent, year-on-year, while the unemployment rate among women declined by 2.5 percentage points to 8.5 percent.

The unemployment rate of the 15–24 age group was 21.4 percent, 9.1 percentage points lower than a year ago.

The number of people looking for a job for one year or more was 51.6 percent, while the average duration of unemployment was 18.7 months.

Hungarian Central Statistical Office | Isabel Felino | isabel.felino@tradingeconomics.com
4/25/2014 12:00:31 PM


Recent Releases

Hungary Unemployment Rate Falls to 8.6%
In the three months to February of 2014, Hungarian jobless rate fell for the fourth consecutive month, from 8.9 percent in the previous period and 11.6 percent a year earlier. It is the lowest rate in five years. Published on 2014-03-28

Hungary Unemployment Rate Continues to Fall
In the three months to January of 2014, Hungarian jobless rate fell for the third straight time to 8.9 percent from 9.1 percent at the end of December and 9.3 percent in November. Published on 2014-02-26


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-25 08:00 AM Hungary
Unemployment Rate
Mar 2014 8.3% 8.6% 8.9%
2014-05-29 08:00 AM Hungary
Unemployment Rate
Apr 2014 8.1% 8.3% 8.6% 8.1%
2014-06-27 08:00 AM Hungary
Unemployment Rate
May 2014 8.0% 8.1% 7.7% 8.1%
2014-07-30 08:00 AM Hungary
Unemployment Rate
Jun 2014 8.0% 8.0% 7.9%
2014-08-27 08:00 AM Hungary
Unemployment Rate
Jul 2014 8.0% 7.8%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.00 8.00 11.80 5.50 Percent [+]
Employed Persons 4105125.00 4106573.00 4106573.00 3719267.00 [+]
Unemployed Persons 356907.00 360454.00 508736.00 227000.00 [+]
Job Vacancies 29392.00 32223.00 41955.00 21130.00 [+]
Long Term Unemployment Rate 4.90 5.10 5.70 2.20 percent [+]
Youth Unemployment Rate 19.90 20.00 29.40 10.90 Percent [+]
Wages 243453.00 239739.00 248142.00 60268.00 HUF [+]
Labour Costs 96.30 94.40 112.10 45.60 Index Points [+]
Population 9.91 9.93 10.71 9.21 Million [+]
Retirement Age Women 65.00 63.50 65.00 59.00 [+]
Retirement Age Men 65.00 63.50 65.00 60.00 [+]
Minimum Wages 332.40 335.30 335.30 89.20 EUR [+]





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