In the period between December 2014 and February 2015, more than 4,1 million people worked in Hungary, 111 thousand more than a year ago, the Central Statistical Office (KSH) latest data shows. The number of employed people increased by 2.8% and reached 4,124,000. While the employment rate of people aged 15–64 increased to 62.5%, the improvement of the labour market situation of men and women was similar. KSH’s report shows that the number of people with a job has been above the 4 million mark for more than one year and unemployment also fell in the observed period.
The employment rate of those aged 15-64 years gained 2.3 percentage points and improved to 62.5 percent. The positive upward trend, in place for more than two years, has been mainly driven by private sector job growth. In the observed period, the number of people in employment aged 15-24 years was 274 thousand, while the respective employment rate showed an increase of 2.4 percentage points (to 24.7 percent). In the aforementioned period, the number of jobless people in Hungary fell by 24 thousand, year-on-year. This means that the number of unemployed people dropped to 346 thousand and the unemployment rate edged down by 0.7 percentage points, to 7.7 percent.
According to the Economy Ministry one of the determining factors behind the increase in employment has been the government’s active employment programme package, which helped the private sector become the main driving force of job growth. Steadily increasing wages in real terms, outstanding consumption data and the improving GDP growth outlook are signalling further employment growth, the Ministry said in response to KSH report.
via ksh.hu and kormany.hu photo: origo.hu