Job preservation scheme keeps more than 900,000 Hungarians employed
Some 554 billion forints (EUR 1.8bn) in tax preferences have helped businesses keep 907,000 Hungarians on their payrolls since the government’s launch of a job preservation scheme four years ago, daily Magyar Idők learnt from the Economy Ministry.
The programme is targeted at keeping the jobs of people over the age of 55, career-starters, mothers with small children, those with low skills and education, the long-term unemployed, people in disadvantaged regions and those in the agriculture sector.
The scheme has helped keep 351,000 Hungarians over the age of 55 on the job. It has done the same for 312,000 unskilled workers, 167,000 career-starters and 33,000 mothers with small children.
The programme has supported the employment of 23,000 of the long-term jobless and 21,000 Hungarians in the farm sector.
As we wrote, Hungary’s rolling three-month jobless rate averaged 4.2 percent in May-July, down from 4.3 percent in the previous period, the Central Statistical Office (KSH) said.
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Source: MTI/Magyar Idők