Hungarian employment rate on the rise

A conservative analyst deduces from major economic indicators that Hungary is on the right path. He finds the increasing number of new jobs particularly promising.

Commenting on the latest growth and unemployment data in Magyar Hírlap, Csaba Szajlai reads all indicators as proof that Hungary’s economy is growing fast. While economic output has grown 3.5 per cent year on year, new jobs are also being created, the conservative analyst remarks. (He has a reputation for critical view of the government’s policies, despite working for a pro-government newspaper.) Szajlai admits that most of the 400,000 new jobs have been created through the government’s workfare program, but adds that private companies also invested 6,000 billion forints last year, which resulted in a fair number of new employment opportunities.

Tags: economy, employment, GDP, growth, jobs