EMPLOYMENT IN HUNGARIAN ECONOMY AS A RESULT OF THE COVID-19 PANDEMIC
EMPLOYMENT IN HUNGARIAN ECONOMY AS A RESULT OF THE COVID-19 PANDEMIC
Author(s): Arnold Tóth, Botond Kálmán, József PoórSubject(s): National Economy, Labor relations, Health and medicine and law, Present Times (2010 - today), Socio-Economic Research
Published by: Univerzita J. Selyeho, Fakulta ekonómie a informatiky
Keywords: economy; employment; employee; self-employment; COVID-19;
Summary/Abstract: By the summer of 2020, the COVID-19 epidemic that originated from China became a global pandemic. The restrictive measures that were put in place for protection also affected the economy, which during the first wave of the pandemic came to a halt in almost every country. This paper examines the effect of the pandemic on Hungarian employment rates based on data by Eurostat, in different sectors of the economy and by using the EU-27 average as reference. In addition to complete employment data, we also focused on employees and those who are self-employed. To measure the effects of COVID-19, we contrasted data from the previous three years to data from the first and second quarter of 2020. Our results confirm that the pandemic caused a significant decrease in general employment indexes but did not equally affect the various branches of the economy.
Journal: Acta Oeconomica Universitatis Selye
- Issue Year: 10/2021
- Issue No: 1
- Page Range: 84-96
- Page Count: 13
- Language: English