Labour market information

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Hungary - National Level

Short overview of the labour market

 

The population of Hungary was 9 770 000 on 1 January 2020, which is the result of a continuous decline, with an additional fall of 0.03 % against the previous year. 

Based on data from the Labour Force Survey for the second quarter of 2020, the economically active population aged 15–74 numbered 4 622 400, with the participation rate standing at 62.4 %. Of the active population, 4 408 200 were in employment, while 214 200 were unemployed.

In the second quarter of 2020, the employment rate of the population aged 15–74 was 59.5 %, representing a fall of 1.3 percentage points against the same quarter in 2019.

The number of people in the 15–74 age group considered unemployed under the ILO definition has been declining continuously since the period of January to March 2015. In the second quarter of 2020, the number of people considered unemployed under the ILO definition was 214 200, which represents an increase of 58 700 people against the same period of the previous year and is well below the pre-crisis figures (second quarter of 2008: 315 500).

In the second quarter of 2020, the average month-end number of jobseekers registered by the National Employment Service (NFSZ) was 356 800, representing a significant rise against the previous quarters.

In the second quarter of 2020, 6.8 % of jobseekers were first-time jobseekers. The number of first-time jobseekers was approximately the same as in the second quarter of 2019, while their proportion was lower due to the growth of the total number of jobseekers.

37.7 % of all jobseekers had primary education (8 years or less), 24.0 % had graduated from a skilled workers’ training school, another 29.2 % had passed the secondary school leaving examination, and 6.6 % held a college or university degree. The proportion of first-time jobseekers with only primary education (8 years or less) was 44.6 %, while another 36.3 % had passed the secondary school leaving examination, and a further 4.4 % had obtained a college or university degree.

From a geographical perspective, Borsod-Abaúj-Zemplén and Szabolcs-Szatmár-Bereg Counties had the highest number of jobseekers (44 100 and 33 400, respectively) in Hungary, and in the regions where the labour market situation is worse, the composition of jobseekers by level of education also tends to be less favourable than the national average. The increase in the number of jobseekers against the same period of the previous year was largest in Győr-Moson-Sopron and Vas Counties (325.0 % and 195.1 %, respectively).

By the end of the second quarter of 2020, labour offices received notifications of collective redundancies affecting a total of 7 300 people. The number of redundancies notified increased threefold against the same period of the previous year.

 

Text last edited on: 11/2020


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