Hungary youth unemployment rate

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Hungary youth unemployment rate: 13.2 (-7.04%)
Last Update: May 31, 2024

Hungary youth unemployment rate closed down 13.2 as of May 31, 2024 from 14.2 from the previous month and 11.9 from last year.


Hungary youth unemployment rate Analytics & Data




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Hungary youth unemployment rate

DateValues
2024-05-31 13.2
2024-04-30 14.2
2024-03-31 15.5
2024-02-29 15.2
2024-01-31 14.4
2023-12-31 14.1
2023-11-30 13.9
2023-10-31 13.5
2023-09-30 12.2
2023-08-31 12.9
2023-07-31 12.2
2023-06-30 13.4
2023-05-31 11.9
2023-04-30 11.5
2023-03-31 10.6
2023-02-28 11
2023-01-31 11.2
2022-12-31 11.4
2022-11-30 11.1
2022-10-31 10.9
2022-09-30 10.6
2022-08-31 10.3
2022-07-31 10.2
2022-06-30 10.3

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Hungary youth unemployment rate Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
youth unemployment ratehu.ytunemploymentrate13.214.2-711DownUP582024-05-31

Hungary youth unemployment rate Factors

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Hungary youth unemployment rate Historical Data

The MacroVar database offers free access to historical data for the Hungary youth unemployment rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Hungary youth unemployment rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Hungary youth unemployment rate

The youth unemployment rate in Hungary refers to the percentage of young people, typically between the ages of 15 and 24, who are actively seeking employment but are unable to find a job. This rate is an important indicator of the overall health of the economy and the challenges faced by the younger generation in finding work. High rates of youth unemployment can have long-term negative effects on individuals, such as lower future earnings and career opportunities, as well as on society as a whole, including increased social unrest and a lack of skilled workers in key industries. It is crucial for policymakers to address the root causes of youth unemployment and implement strategies to support young people in entering the workforce and building successful careers.

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