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Factsheet for measure HU-2006-40/2471 Updated – measures in Hungary

Short Term Labour Market Forecast

Rövid távú munkaerőpiaci prognózis

Country Hungary , applies nationwide
Time period Open ended, started on 01 October 2006
Context Restructuring Support Instruments
Type Legislations or other statutory regulations
Category Promoting the economic, labour market and social recovery into a green future
– Other
Author Nóra Krokovay (KOPINT-Tárki) and Eurofound
Measure added 23 June 2022 (updated 23 October 2024)

Background information

The Institute for Economic and Enterprise Research of the Hungarian Chamber of Commerce and Industry (MKIK GVI) in cooperation with the Ministry of Innovation and Technology (previously with the Ministry of Finance) carry out short-term (one-year) forecasts of labour market changes, providing information on macro-economic indicators, current and expected business situation, characteristics of employment, and labour shortage.

The results of the short-term labour market forecast survey are representative of Hungarian enterprises in terms of geographic location, economic sector, and number of employees. 

The survey results are used to analyse the current situation of the Hungarian labour market and to make predictions on the short-term future trends.

Content of measure

Until 2021, one survey was conducted every year. Since then, the survey is conducted twice a year. The research also provides a forecast of expected changes in labour demand for different types of enterprises at the regional level. These projections are useful to companies for monitoring short-term labour market trends, and to the national government, in planning and preparing for shifts in the labour market. Labour demand forecasts are important indicators for economic cycle projections, too.

The research is financed by the Hungarian Chamber of Commerce and Industry, based on an agreement with the National Office for Vocational and Adult Education.

Updates

The following updates to this measure have been made after it came into effect.

01 January 2023

The publication of the studies and the English-language summaries on the MMPP homepage were discontinued after January 2023. The studies since then are only available on the GVI website in Hungarian.

15 July 2021

Until 2021, one survey was conducted every year. Since then, the survey is conducted twice a year.

Use of measure

In the autumn of 2023, a total of 6681 companies took part in this representative survey regarding predicted staff levels in the year ahead.

It is a long-time series and produces comparable survey results: the survey has been conducted since 2011 with unchanged content.

The forecast only focuses on the changes in the following year, while longer-term changes in the Hungarian labour market are currently not considered.

Target groups

Workers Businesses Citizens
Employees in standard employment
Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
Employers' organisations
Public employment service
Employers organisation
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Unknown Unknown
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Only employers' organisations
  • Main level of involvement: Peak or cross-sectoral level

Involvement

Unknown

Views and reactions

Unknown

Sources

  • 03 February 2007: MMPP - English-language collection of the labour market forecasts (mmpp.hu)
  • 15 July 2022: Short-term labour market forecasts (in Hungarian) (gvi.hu)

Citation

Eurofound (2022), Short Term Labour Market Forecast, measure HU-2006-40/2471 (measures in Hungary), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/HU-2006-40_2471.html

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