EMCC European Monitoring Centre on Change

Short-term labour market forecast

Hungary
Phase: Anticipation
Type:
  • Provision of labour market information
Last modified: 03 August, 2021
Оригинални назив:

Rövid távú munkaerőpiaci prognózis

Енглески назив:

Short-term labour market forecast

Coverage/Eligibility

The results of the short-term labour market forecast survey are representative of Hungarian entreprises in terms of geographic location, economic sector, and number of employees. In 2019, a total of 6,856 companies participated in this representative survey.

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 of the labour market situation in the country. 

 

Main characteristics

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 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. 

Funding

  • National funds

Involved actors

National government
The research in 2019 was financed by the Hungarian Chamber of Commerce and Industry, based on an agreement with the National Office for Vocational and Adult Education.
Public employment services
National Office for Vocational and Adult Education.
Employer or employee organisations
Implementation by the Chamber of Commerce and Industry.

Effectiveness

In 2019 a total of 6,8562 companies took part in this representative survey regarding predicted staff levels in the year ahead.

These forecasts are useful for companies for monitoring short-term labor market trends and for the national government to plan and prepare for labour market changes. Labour demand forecasts are important indicators for economic cycle projections, too.

Strengths

It is a representative research, repeated on an annual basis and it provides a complex analysis.

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

 

Weaknesses

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

Examples

Latest issue: MKIK-GVI and PM: Short term labour market forecast 2020 (Rövid távú Munkaerőpiaci prognósis), published in December 2019. The survey was conducted in September-October 2019.
Sources
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