Numbers in typically youthful employment sectors fall due to COVID

Figures

Image by Victoria Labadie / Shutterstock.com

In sectors where a much higher proportion of young people traditionally work, such as tourism, hospitality, trade, and construction, youth employment has declined, writes novekedes.hu. 

Because of the coronavirus, one in six young people have resigned and 7% lost their jobs.

Unemployment began to rise almost as sharply as in 2009. This is a huge threat, especially for the younger generation, said László Andor, secretary general of the European Foundation for Progressive Studies. He added that mobility was not a solution during the COVID-19 crisis.

The employment rate of those who have completed at most primary school is very low. According to 2018 data, only half of primary school graduates are employed, of which nearly 10% are public workers. Their real employment rate is below 40%.

MET Group Records 2nd Most Profitable Year in 2023 Energy Trade

MET Group Records 2nd Most Profitable Year in 2023

Gov't Considering Fuel Price Intervention Government

Gov't Considering Fuel Price Intervention

Uber to Return to Hungary at Beginning of Summer Transport

Uber to Return to Hungary at Beginning of Summer

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.