Labour Market Remains Tight in Hungary
- 31 Oct 2024 7:47 PM
Hungary's labour market remains tight, the state secretary for employment at the National Economy Ministry said on public television.
Sandor Czomba noted that Hungary had the eighth-lowest jobless rate in the European Union, while it was among the top ten member states in terms of employment.
He acknowledged a four-tenths of a percentage point increase in the unemployment rate in a year-on-year comparison, but said the number of registered jobseekers, at 226,000, stood at a 34-year low.
The jobless rate is increasing as more economically inactive Hungarians join the labour market, he added.
Commenting on the impact of the sluggish German economy on Hungary's automotive industry, Czomba said government officials were in daily contact with local companies to ensure they could get through the period without making layoffs.
He added that electromobility investments in Nyiregyhaza, Debrecen and Szeged would require more labour.
Source:
MTI - The Hungarian News Agency, founded in 1881.
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