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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
HungaryHungary Unemployment Rate climbed to 4.6% in July 2026
FMPMonthlyReleased August 2026
Hungary Unemployment Rate climbed to 4.6% in July 2026, released August 2026, up 0.1% from June's 4.5% reading. The print came in hotter than the 4.3% consensus, a hotter print than forecasters anticipated. Unemployment Rate has now risen for 3 consecutive months. Over the past 3 months, Unemployment Rate averaged 4.35%, vs 4.7% in the prior 3-month window. The reading is in the 75th percentile of the trailing 24-month range.
Latest Release
4.6
Actual
4.3
Consensus
4.5
Previous
Median Absolute Error
±0.18 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 4.4
Actual: 4.6
Error: -0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/HUF | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.55 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.42 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.39 | CRYPTO | Moves against | → View |
| DAX | ▼ Inverse | −0.34 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Rate (Hungary) was reported at 4.6% in August 2026. This beat the market consensus of 4.3% by 0.3%. The reading rose from the previous value of 4.5%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 4.53%, ranging from 4.3% to 4.9% across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 4.43%, down from the prior three at 4.67%. Volatility over the past year (σ 0.16%) is higher than the prior year (σ 0.14%). In August readings over the past 3 years, Unemployment Rate has averaged 4.37%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/HUF (Bullish EUR). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.18%.
WHAT TO WATCH NEXT
The next release is scheduled for September 25, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Unemployment Rate - HU
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About Unemployment Rate — Hungary
DEFINITION
The Unemployment Rate is a key economic indicator that measures the percentage of the total labor force that is currently without a job and actively seeking employment. It is used to assess the health of the job market and the overall state of the economy. A high unemployment rate can indicate a weak economy, while a low unemployment rate can suggest a strong and growing economy. This data is closely monitored by policymakers, businesses, and investors to make informed decisions and projections.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 4.6 %, consensus 4.3 %. Prior reading (Jun 2026): 4.4 %. Before that (May 2026): 4.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/HUF (Bullish EUR, r=0.55) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - HU Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | HU | Industrial Production YoY | 4.7 | 10.1 | 4.7 | 4.70 | Low |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:30 | HU | Gross Wage YoY | 7.5 | 7.1 | 6.9 | 6.93 | Low |