Commerzbank: Fostered worker program lowers unemployment rate in 2014

Initiatives

Commerzbank predicts that Hungary's unemployment rate will remain at 7% "for the time being," with much of the improvements reported in 2014 attributable to the fostered worker scheme. This type of job creation is reaching its limits, Commerzbank said yesterday. 

Hungary's unemployment rate of 7.1% for the October-December period looks very low but Erste noted this was only a superficial estimate. Without fostered workers hired through the government's aid-for-work program, the jobless rate likely be closer to 10-11%, around levels recorded during the crisis.

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti... Figures

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

2/3 of Hungarians Have Basic Expectation of Home Office HR

2/3 of Hungarians Have Basic Expectation of Home Office

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.