FX.co ★ Hungary’s Unemployment Rate Ticks Up to 4.6% in January 2026

Hungary’s quarterly unemployment rate edged higher at the start of the year, rising to 4.6% in January 2026 from 4.4% in December 2025, according to the latest data updated on 27 February 2026.

The increase suggests a modest softening in labor market conditions following the end of 2025, when unemployment had held at 4.4%. While the shift is relatively small in absolute terms, it marks a reversal of the previous reading and will likely be monitored closely by policymakers and investors for signs of emerging trends in employment dynamics.

With the January figure now confirmed, attention will turn to upcoming releases to determine whether this uptick represents a temporary fluctuation or the beginning of a more sustained rise in Hungary’s unemployment rate.