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29th January, 2018

Labour shortage drives up wages

The average gross hourly wage of blue-collar workers was up 15% year-on-year in the fourth quarter to Ft 892, but for skilled workers, the annual rise was 21%, according to an analysis by recruitment agency Trendwalker.

In a regional breakdown, pay is highest in the Central Hungarian region, where the hourly wage exceeded Ft 1,000, compared to Ft 800 in the northern and southern regions of Hungary.

As demand for skilled labour remains high, the volatility rate has increased to 3.8% from 3% one year earlier.

Salary increases for white-collar employers earning a monthly Ft 500,000-800,000 came to 4.5% year-on-year.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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