The number of jobless people fell by 48,000, to 203,000, thus the unemployment rate edged down to 4.4% as a result of a 59-month downward trend, kormany.hu added based on data from the Ministry for National Economy (NGM). The Job Protection Action, the Youth Guarantee Program and the Government’s incentives for jobseekers under the age of 25 years have played a major role in these positive trends, according to kormany.hu. The governmentʼs six-year wage agreement and tax reduction package are expected to add more momentum to job growth, partly by activating potential jobseekers and by moderating labor outflow, the website added.