Ministry: Joblessness to drop under 5%
The jobless rate in Hungary is foreseen to drop under 5%, Hungary’s Ministry of National Economy said in an announcement on Friday, thanks to a “favorable tendency” in the Hungarian labor market that is expected to continue.
Minister of National Economy Mihály Varga noted that the Hungarian government is committed to reaching full employment in the country. The minister stressed that employment data are the most favorable since the change of regime in Hungary, adding that Hungary’s employment policy stands at the beginning of a new era.
Hungaryʼs jobless rate dropped by 1.8% to 5.1% in the April-June period, as compared to the corresponding period a year earlier, Hungary’s Central Statistical Office (KSH) announced in a report. Experts maintain that the real unemployment rate is higher than the official figure, which counts Hungarians working abroad and people on welfare as employed.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.