Updated
Updated · bbj.hu · Apr 27Hungary's jobless rate stands at 4.5% in March, Q1 average at 4.7%
8 articles · Updated · bbj.hu · Apr 27
- Employment in March reached 4.646 million, with Q1 employment down 65,000 year on year to 4.627 million.
- Men’s employment dropped by 36,000 and women’s by 29,000, while the working-age employment rate slipped to 74.8%.
- Long-term unemployment remained stable at 36.3%, and registered job seekers fell 4.1% year on year to 223,000 by March’s end.
How can Hungary have both rising unemployment and a critical shortage of 60,000 skilled workers? Will the new government's required fiscal discipline worsen the labor market before it gets better? With a new pro-EU government, can Hungary unlock billions in funds and reverse its economic decline? With Germany's economy slowing, can any of Hungary's ambitious domestic reforms truly succeed? Is the post-election surge in Hungary's currency a lasting recovery or a fleeting illusion? Will Hungary actually adopt the euro by 2030, and what major hurdles must it overcome first?