WHC Group: companies are in dire straits, there is a deadly fight for labor in many areas

Although, according to the national data of the KSH, the unemployment rate increased minimally in February – from 3.9 to 4% on a monthly basis – if we examine it regionally, unemployment continues to decrease in many counties, and there is not enough available labor. In some regions, there may still be reserves in human resources, but overall the Hungarian job market is still very tight.

Despite the economic challenges of the past year, the trend determining the country’s labor force remains unchanged: more and more foreign investments are arriving, which constantly require new labor, with which the country’s human resource capacity can no longer keep up. Mainly, industrial companies continue to struggle with labor shortages: in several professions, there are not enough skilled workers in our country.