Analysts: employment is almost complete in Hungary

By: Trademagazin editor Date: 2022. 06. 23. 11:25

In a situation close to full employment, more and more vacancies are forcing companies to compete for wages, which will further fuel inflation, analysts who told MTI commented the latest labor market data.

Hungary is close to full employment

According to a report issued by the Central Statistical Office (KSH) on Thursday, the average number of employees increased by 99,000 to 4,693,000 in one year for the period March-May. The unemployment rate fell to 3.4 percent from 3.5 percent, compared to a month before and 4.1 percent, compared to a year before. (MTI)