The government is satisfied with the latest labor market data

By: Trademagazin Date: 2025. 06. 27. 10:37

Hungarian employment is among the leading in Europe, and the new measures aim to preserve this and allow even more people to work, wrote Sándor Czomba, State Secretary for Employment Policy at the Ministry of National Economy (NGM), in his commentary on the latest labor market data.

He also mentioned that despite the continuous pressure from Brussels, the government is not spending Hungary’s resources on Ukraine, but on supporting Hungarian workers, especially families with children, and is doing everything to protect jobs.

He cited data from the Central Statistical Office (KSH), according to which nearly 4.7 million people were working in Hungary in May 2025, while the number of registered job seekers remained at an extremely low level.

The number of unemployed people decreased by 5.2 thousand compared to the previous month and by 1.5 thousand compared to the value a year earlier. The unemployment rate improved to 4.3 percent in one year, so the unemployment rate in our country is still below the European Union average.

The decrease in the number of employees can be explained primarily by the decrease in the number of working-age people within the total population, the State Secretary stated.

He highlighted that high employment is one of the pillars of the Hungarian economy, and thanks to effective government measures, the number of people taking up work remains outstanding, while the number of registered job seekers has not been this low since the change of regime. Compared to 2010, 1 million more people are working, while the average wage has more than tripled and the minimum wage has quadrupled.

Moreover, salaries are worth more and more: real wages have been continuously increasing for more than 1.5 years, and in parallel, families can manage with more and more money thanks to the government’s tax reduction policy.

The personal income tax exemption for mothers raising two and three children and the doubling of the family tax allowance will further strengthen the financial security of families.

He recalled that in March the government re-launched the “From Public Employment to the Private Sector 2025” program, which aims to provide public employees with the appropriate motivation and qualifications with permanent jobs in the private sector. More than 20,000 people have entered the primary labor market so far through the employment benefits related to the program.