News in Brief
State Secretary: Hungary's labor market remains tight
Hungary has the eighth-lowest jobless rate in the European Union while it is among the top ten member states in terms of employment.
Labor market
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News in Brief
KSH: Hungary’s labor reserve stood at 314,000 in Q2
The data, for Hungarians between the ages of 15 and 74, show there were 4,745,100 employed and 215,300 jobless during the quarter.
News in Brief
State Secretary: 9,000 jobseekers matched with employers in EU-funded programs
Applications for subsidies of more than 10 billion forints (EUR 25.15m) have been submitted in the programs which target Hungarians under 30 and over 30.
News in Brief
State Secretary: Number of registered job-seekers reached record low in July
224,000 job-seekers were on the records, over 3,000 fewer than in July last year.
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Number of registered job-seekers dropped to lowest number since 1989 in June
The government continues working to mobilize a labor potential of 300,000, and increase employment in the 20-64 age group from the current 81 to 85%.
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Government launches job scheme for Hungarians over the age of 30
The program is expected to support the placement of at least 77,000 people in jobs, including 50,000 or more disadvantaged Hungarians.
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KSH: Hungary’s jobless rate was 4.6% in February
The employment rate for the 15-74 age group was 64.7% in February, up from 64.4% in January.
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Minister of National Economy holds talks with EU jobs commissioner
Márton Nagy briefed the commissioner on the situation in the Hungarian labor market and key employment policy issues.
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State Secretary: Foreign workers will only be allowed to enter Hungary under strict conditions
Sándor Czomba said vacant positions would be filled primarily by Hungarians and nationals of EU countries, while job seekers from neighboring countries, Ukraine and Serbia, would be employed only when no Hungarians had been found.
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OECD says Hungary's economic development will remain strong in the coming years
The OECD expects a GDP growth of 3.9 percent this year and 3.3 percent in 2020, compared with a 4.6 percent growth in 2018
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The labor market must improve for Hungary to sustain healthy economic growth, says official
Péter Benő Banai, a finance ministry state secretary, said labor market constraints must be removed in order to ensure sustainable annual economic growth of around 4 percent
News in Brief
Study finds a large percentage of Hungarians are over qualified for their jobs
An online survey by profession.hu found that about 44 percent of workers are not employed in the field where they have their highest qualification and a further 44 percent are actively thinking about changing jobs
News in Brief
Study finds that 30 percent of employees in Hungary have flexible working hours
In Hungary, 74 percent still work in traditional settings while 30 percent have experienced a shift towards flexible work