Gergely Suppan: the domestic labor market is stable

By: Trademagazin Date: 2024. 02. 23. 11:47

The domestic labor market is stable, and employment reached its peak after the regime change in Hungary, said the leading economist of the Ministry of National Economy (NGM) in the current program of the M1 channel on Friday evening.

Due to seasonal job opportunities, Gergely Suppan expects the labor market to improve further in the coming months, in addition, according to him, both job seekers and the inactive can increase the number of people taking up work. The expert primarily counts on elderly people who are fit for work and young people who are not present on the labor market, and several programs will help them find their place in the next period.

For example, a HUF 70 billion budget is allocated for retraining and further training so that employees can meet rapidly changing expectations. An additional HUF 200 billion is available to encourage inactive people to start working, and the sum can be used not only for continuing education and retraining, but also for support for going to work and wage subsidies. The source can contribute to increasing the proportion of active workers in the population between the ages of 15 and 64 from 78 to 85 percent in accordance with the government’s plans, he added.