After a short respite in the summer months, Hungary’s unemployment rate set out on a upward trajectory in September, reflecting the negative impact of the pandemic on the nation’s economy. The somber economic outlook gives little hope that the trend will reverse any time soon. Hungary’s unemployment rate rose for the first time in four […]

In May 2020, the average monthly number of employed people was 4 million 399 thousand, which is 134 thousand less than a year earlier. The economic consequences of the coronavirus epidemic are reflected in the employment data reported by the Central Statistical Office.Over the period of March–May 2020, the average number of employed people in […]

The financial news site portfolio.hu calculated from data published by the Central Statistical Office that in April, 425,000 people in Hungary considered themselves unemployed, which is an increase of 140,000 compared to the period before the coronavirus crisis. Some of them will be able to return to work in the next period because they were […]

As part of its emergency support package to tackle the economic impact of the COVID-19 crisis, the EU has put in place a temporary instrument to help workers keep their jobs during the crisis. On May 19, the European Council adopted SURE (European instrument for temporary Support to mitigate Unemployment Risks in an Emergency), a […]