Analysts: increasing employment face increasing constraints

Unemployment has fallen to nadir, but the pace of decline will continue to slow down as the quality of supply is rather low, only the unskilled labor has been left free, while wage growth continues – analysts interviewed by MTI commented the labor market data released by the Central Statistical Office (KSH) on Wednesday.

According to the data of the Central Statistical Office (KSH), the average number of unemployed in the February-April period was 162 thousand and the unemployment rate was 3.5 percent. The average number of employees was 4 million 492 thousand, 47 thousand more than a year before. The employment rate of 15-64 year-olds increased by 1.0 percentage point to 69.8 percent. (MTI)