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May 02, 2019

Hungarian employment rate above EU’s 2020 goal

For the past year and a half unemployment has been hovering between 3.6 and 3.8 percent, a level most economists consider full employment

The Hungarian employment rate among working-age people (15-64) has risen by 1.2 percentage points year-on-year to 69.9 percent, and that of the age group 20 to 64 to 75.1 percent at the end of the first quarter.

According to Rmx.news, Hungary’s employment rate has inched above the European Union’s 75 percent target for 2020.

The rate among working-age people (15-64) has risen by 1.2 percentage points year-on-year to 69.9 percent, and that of the age group 20 to 64 to 75.1 percent at the end of the first quarter.

At the same time, data from the Central Statistics Office (KSH) showed that unemployment remained at a low of 3.6 percent. For the past year and a half unemployment has been hovering between 3.6 and 3.8 percent, a level most economists consider full employment.