With full employment, the number of economically active people is decreasing

The labor market is stabilizing, reaching full employment – but the number of economically active people has been falling for four months – according to a quick analysis by ING, Privatbankar.hu.

Can unemployment rise slightly?

The unemployment rate for the 15-64 age group was 3.5 percent in January 2020, a slight increase from the end of last year. At the same time, the indicator shows an improvement of 0.1 percentage points, compared to the same period of the previous year. All in all, the data indicate a stabilizing labor market situation, after the domestic labor market is expected to have reached full employment. (Privatbankar.hu)