The unemployment rate in Hungary rose to 4.7% in September-November 2024, from 4.3% in the corresponding period of the previous year. The number of unemployed people rose by 20 thousand compared to the same period a year earlier to 231 thousand. Of this total, 120 thousand were men, with their unemployment rate up to 4.6%, while 111 thousand were women and their unemployment rate was 4.8%. The average time spent looking for a job was 11.6 months, with 49% of all unemployed people had been looking for a job for less than 3 months and 33.1% for at least a year. Meanwhile, the number of employed persons decreased to 4.691 million, with the number of male employed declined by 23 thousand to 2.488 million while the number of female employees decreased slightly to 2.203 million compared to a year earlier. source: Hungarian Central Statistical Office

Unemployment Rate in Hungary increased to 4.70 percent in November from 4.60 percent in October of 2024. Unemployment Rate in Hungary averaged 6.50 percent from 1999 until 2024, reaching an all time high of 11.60 percent in March of 2012 and a record low of 3.10 percent in December 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 January of 2025.

Unemployment Rate in Hungary increased to 4.70 percent in November from 4.60 percent in October of 2024. Unemployment Rate in Hungary is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-29 07:30 AM
Unemployment Rate
Oct 4.6% 4.6% 4.5%
2025-01-03 07:30 AM
Unemployment Rate
Nov 4.7% 4.6% 4.6%
2025-01-24 07:30 AM
Unemployment Rate
Dec 4.70%


Related Last Previous Unit Reference
Employed Persons 4691226.00 4703084.00 Oct 2024
Employment Rate 65.02 65.16 percent Oct 2024
Job Vacancies 70848.00 70949.00 Sep 2024
Job Vacancy Rate 2.20 2.20 percent Sep 2024
Labor Force Participation Rate 67.90 68.22 percent Nov 2024
Population 9.60 9.69 Million Dec 2023
Unemployed Persons 230806.00 225631.00 Oct 2024
Unemployment Rate 4.70 4.60 percent Nov 2024
Gross Wage YoY 12.90 12.50 percent Oct 2024
Wages 637245.00 627437.00 HUF/Month Oct 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.60 11.60 3.10 1999 - 2024 percent Monthly


News Stream
Hungary Jobless Rate Rises to 4.7% in September-November
The unemployment rate in Hungary rose to 4.7% in September-November 2024, from 4.3% in the corresponding period of the previous year. The number of unemployed people rose by 20 thousand compared to the same period a year earlier to 231 thousand. Of this total, 120 thousand were men, with their unemployment rate up to 4.6%, while 111 thousand were women and their unemployment rate was 4.8%. The average time spent looking for a job was 11.6 months, with 49% of all unemployed people had been looking for a job for less than 3 months and 33.1% for at least a year. Meanwhile, the number of employed persons decreased to 4.691 million, with the number of male employed declined by 23 thousand to 2.488 million while the number of female employees decreased slightly to 2.203 million compared to a year earlier.
2025-01-03
Hungary Jobless Rate Rises to 4.6% in August-October
The unemployment rate in Hungary increased to 4.6% in August-October 2024, from 4.3% in the corresponding period of the previous year. The number of unemployed people rose 16 thousand year-on-year to 226 thousand. Of this total, 119 thousand were men, with their unemployment rate up to 4.6%, while 106 thousand were women and their unemployment rate was also 4.6%. Meanwhile, the employment dropped by 14 thousand to 4.703 million. The average time spent looking for a job was 12.1 months, with 48% of all unemployed people had been looking for a job for less than 3 months and 34% for at least a year.
2024-11-29
Hungary Jobless Rate Rises to 4.6% in July–September
The unemployment rate in Hungary increased to 4.6% in July–September 2024, from 4% in the corresponding period of the previous year. The number of unemployed people rose by 26 thousand year-on-year to 225 thousand. Of this total, 121 thousand were men, with their unemployment rate up to 4.6%, while 103 thousand were women and their unemployment rate was 4.5%. Meanwhile, employment dropped by 1 thousand to 4.709 million. The average time spent looking for a job was 11.9 months, with 45% of all unemployed people had been looking for a job for less than 3 months and 34% for at least a year.
2024-10-25