Hungary -Report on economic outlook -September 03, 2014

Economic institute GKI published a report on the economic outlook. In the first half of 2014 employment mounted by 5.5% including those employed in public workfare schemes and by about 2.5% without them.

Economic institute GKI published a report on the economic outlook. In the first half of 2014 employment mounted by 5.5% including those employed in public workfare schemes and by about 2.5% without them. The unemployment rate for May-July 2014 was 7.9%, 2.2 percentage points lower than a year earlier. However, improvements slowed down in this sphere, and they were less than usual in summer. Gross earnings grew by 3% in the first half of 2014 (by 5.7% with the exclusion of those involved in public work schemes). As net earnings increased by the same rate and the price level remained practically unchanged, real wages also were up by the same rate. From May on, however, the rate of increase in earnings dropped from 6-7% in the past few months to 4%.   

English: http://www.gki.hu/sites/default ...   

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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