Employment among older working generation below EU average
Image by Pexels
The rate of employment among Hungarians in the 55–64 age group lags behind the EU average, according to a publication by the Central Statistical Office (KSH) entitled “Silver Age – The Older Generation in Hungary, 2016,” cited in a report by economic news website vg.hu.
While the average rate of employment among women aged 55–64 in the European Union was 48.9% in 2016, only around 42% of women in this age group were still working in Hungary, the data show.
The situation was noticeably better among Hungarian men in the same age group, where the 60% rate of employment of men aged 55–64 in 2016 was only slightly below the EU-28 average of 62%.
By comparison, in Sweden some 73% of women and 78% of men aged 55–64 were employed in 2016.
At the lower end of the scale, according to vg.hu, less than 30% of women in this age group were employed in Malta and Greece, and only 44% of men in Slovenia.
In the case of part-time workers, women led the way among those aged 55–64 in the EU, with an average employment rate of 35.7%, compared to just 10.6% of men working part-time in this age group.
In Hungary, some 12% of women, and just 4% of men, worked part-time in the 55–64 age group in 2016.
At opposite ends of the scale in the 55–64 age group, 81% of women and 25% of men in the Netherlands worked part-time, while in Bulgaria the respective figures were just 2% and 1%.
In connection with employment, vg.hu draws attention to the simultaneous phenomenon of rising life expectancy, noting that 12.6% of the Hungarian population were aged over 70 in 2017, compared to 10.9% in 2005, 8.1% in 1990, and just 4.2% in 1941.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.