Hungarian jobless rate among the lowest in Europe
Official employment data from October show fewer registered jobless seeking employment compared with January last year, with fewer than 246,000 registered, according to a ministry of innovation and technology official.
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That is 130,000 fewer compared with the recent peak during crisis-hit summer of 2020 in Hungary, Tamás Schanda, ITM state secretary said in a statement on Wednesday.
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He noted that in December 2009, during the last full year of the ruling Fidesz government’s Socialist predecessor, there were 604,000 jobseekers.
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Schanda said Hungary’s labour market had recovered from the shock of the pandemic and employment had hit a record high since the change of political system just over three decades ago, with 4.7 million in employment.
The state secretary added that Hungary’s jobless rate was among the lowest in Europe.
The state secretary added that Hungary’s jobless rate was among the lowest in Europe.
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Most new jobs, he added, have come about in sectors such as IT, science and construction that underpin sustainable competitiveness.
The problem is how many so called employed people are earning very small wages(as little as 80,000 fts per month) in many cases. This despite the Government trying to mislead by stating by 2022 the average wage will be close to 400,000 fts per month. With an election looming figures are manipulated ever way to make the Government look good!!!!