Hungary Unemployment Rate

Unemployment Rate in Hungary decreased to 8.60 percent in February of 2014 from 8.90 percent in January of 2014. Unemployment Rate in Hungary is reported by the Hungarian Central Statistical Office. 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. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.60 8.90 11.80 5.50 8.90 | 2014/03 1999 - 2014 Percent Monthly

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Hungary Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-03 08:00 AM Hungary
Unemployment Rate
Nov 2013 9.3% 9.8% 9.8%
2014-01-29 08:00 AM Hungary
Unemployment Rate
Dec 2013 9.1% 9.3% 9.4% 9.1%
2014-02-26 08:00 AM Hungary
Unemployment Rate
Jan 2014 8.9% 9.1% 9.3% 8.9%
2014-03-28 08:00 AM Hungary
Unemployment Rate
Feb 2014 8.6% 8.9% 9.1% 8.9%
2014-04-25 08:00 AM Hungary
Unemployment Rate
Mar 2014 8.6% 8.9%
2014-05-29 08:00 AM Hungary
Unemployment Rate
Apr 2014 8.2%
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Labour Last Previous Highest Lowest Forecast Unit
Unemployment Rate 8.60 2014-02-28 8.90 11.80 5.50 8.90 2014-03-31 Percent [+]
Population 9.91 2012-12-31 9.97 10.71 9.91 9.83 2013-12-31 Million [+]
Employed Persons 4052795.00 2014-01-15 4030212.00 4052795.00 3719267.00 4079390.87 2014-02-28 [+]
Job Vacancies 29392.00 2013-11-15 32223.00 41955.00 21130.00 33565.62 2014-03-31 [+]
Labour Costs 94.40 2013-11-15 87.80 112.10 45.60 90.10 2014-03-31 Index Points [+]
Long Term Unemployment Rate 5.10 2013-09-30 4.80 5.70 2.20 4.96 2013-12-31 percent [+]
Retirement Age Men 65.00 2013-01-01 63.50 65.00 60.00 65.12 2013-12-31 [+]
Retirement Age Women 65.00 2013-01-01 63.50 65.00 59.00 65.12 2013-12-31 [+]
Unemployed Persons 379418.00 2014-01-15 392500.00 508736.00 227000.00 360845.06 2014-02-28 [+]
Wages 226648.00 2014-01-15 241030.00 248142.00 60268.00 228705.19 2014-02-28 HUF [+]
Youth Unemployment Rate 23.00 2014-01-15 24.40 29.90 10.90 23.54 2014-02-28 Percent [+]
Minimum Wages 332.40 2013-12-31 335.30 335.30 89.20 335.67 2014-01-31 EUR [+]
[+]


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.

By December 2013 – February 2014, the number of unemployed people decreased by 123 thousand to 379 thousand, over one year. The unemployment rate for the 15–24 age group recorded 23.3 percent, decreasing 5.9 percentage points from last year. 

52.1 percent of unemployed people had been searching for a job for one year or more. The average duration of unemployment was 18.9 months.

Employment rate increased to 60.4 percent in the period of December 2013 – February 2014, recording 4,053 thousand of employed people (236 thousand more than a year ago).

Hungarian Central Statistical Office | Isabel Felino | isabel.felino@tradingeconomics.com
3/28/2014 11:22:46 AM

RECENT RELEASES

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

Hungary Unemployment Rate Falls to 9.1%
In the period October to December 2013, the unemployment rate in Hungary decreased to 9.1 percent, down from 9.3 percent in the previous period and 10.7 percent a year earlier. The number of unemployed people was 403 thousand, 65 thousand less than in the same period of 2012. Published on 2014-01-29


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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