Despite encouraging national unemployment statistics, there are still regions wherein a significant portion of the population cannot find a suitable position. According to statistics, unemployment primarily endangers low-educated young people living in the North-Eastern part of the country.
At least 66 thousand Hungarians have been unemployed and actively job hunting for one year. At the same time, 72 thousand jobs were vacant at the end of December.
According to data published by the Nemzeti Foglalkoztatási Szolgálat (National Employment Service), there were 242 thousand Hungarians in need of employment by the year’s end. Not surprisingly, 44 percent of job seekers have only primary education. Meanwhile, the unemployment rate among university graduates is around six percent.
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The total number of unemployed young university graduates is 21,497, and around 34,218 people under the age of 25 are also seeking a job. Every fourth young person was unable to find work despite searching all year.
Half of those seeking a job reside in Northern Hungary and the Northern Great Plain, and 17 percent live in Borsod-Abaúj-Zemplén County. Unfortunately, 44 percent of the people living in these areas have only completed primary school. This group is the most vulnerable, and least desired, in the job market.
Interestingly, nearly half of the 242 thousand people seeking a job (44 percent) did not receive any financial support last December.
According to statistics, 58 percent of new jobs required state subsidies; therefore, the positions were not created by the competitive market itself. State support was requested for 16 thousand jobs, of which 73 percent were related to public employment. As a result, they don’t produce high added value.
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