GFM: the number of registered job seekers has never been so low
Despite the war times, in the last 30 years, the number of registered job seekers in Hungary has never been as low as in May this year, the Ministry of Economic Development (GFM) told MTI on Friday.
In the fifth month of the year, only 228,600 were registered, a new all-time low. The most favorable data so far was observed in June 2021, which was further improved by 2,000 in May, and compared to the beginning of 2010, the number of registered jobseekers decreased by more than 430,000, they wrote in the announcement based on the latest data from the National Employment Service.
Even in an economic situation affected by war and sanctions, the government protects families and jobs, prevents recession and breaks down sanctioned inflation. Economic protection measures are working, inflation peaked and started to moderate, the number of jobseekers continued to decrease.
Since 2010, the government has been working on achieving full employment and building a work-based economy. Compared to 2010, there are 1 million more people working in Hungary today, and the number of employed people exceeds 4.7 million.
As part of the Workforce Support for Enterprises and Work Experience Support programs launched in December last year, more than 20,000 jobseekers have already received applications worth HUF 20 billion. The programs help the jobseekers to find a job as soon as possible, more than 16 thousand people have already found a job with the help of the support programs – read the ministry’s announcement.
Related news
Strengthening economy and employment in Hungary in 2025
According to the latest analysis by the Oeconomus Economic Research…
Read more >The recipe for successful market growth starts with a satisfied workforce
In recent years, many uncertainties have surrounded not only the…
Read more >GKI analysis: Lagging exports, lagging labor productivity
The Visegrad countries are basically export-driven, open economies. This is…
Read more >Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >