Unemployment Rate for Hungary

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 4.43 percent as of 12/31/2024, the highest value since 12/31/2017.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.327 percentage points compared to the value the year prior.
The 1 year change in percentage points is 0.327.
The 3 year change in percentage points is 0.389.
The 5 year change in percentage points is 1.02.
The 10 year change in percentage points is -3.29.

The Serie's long term average value is 7.37 percent. It's latest available value, on 12/31/2024, is 2.94 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2019, to it's latest available value, on 12/31/2024, is +1.02.
The Serie's change in percentage points from it's maximum value, on 12/31/1993, to it's latest available value, on 12/31/2024, is -7.66.