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Unemployment in Hungary - the Effect of the Economic Crisis

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Unemployment in Hungary - the Effect of the Economic Crisis
Unemployment in Hungary-the effect of the economic crisis

Unemployment in Hungary- The effect of the economic crisis

I. Introduction

One of the most serious problems in Hungary is the unemployment. People are trying to find solutions to beat the unemployment but yet those efforts were hopeless, and they are still fighting to create job possibilities for the unemployed people. The economic crisis which occurred all over Europe brought a big change on the whole world. Because of the actual economic crisis the people are getting to lose their existential safety and the subsequent upon this it can occur depression, retreat from the society and violence. The loss of our workplaces, the debts, and the bankruptcy of a company can attack the individual’s identity which causes a lurch of their whole identity. Because of this a psychical crisis can evolve. The men are suffering more of this depression than the women, because it is their task to supply the whole family, in contempt of the fact that this time more women can lose her job than man. It has a big affect on the financial section, and the labour market as well. We can say that this crisis has started in 2007.The unemployment has an affect not just the individuals but their family by an appreciable financial and psyche encumbrance. The rate of unemployment has increased and it is still increasing month by month. Fortunately most of the people can see the light in the end of the tunnel in the year 2010. It seems that we can get out from this chaos which soured our everyday life in this period.

II. The Review of the history of unemployment

In the socialist Hungary the rate of the employed people was complete, but it does not mean that everyone has a job more rather that everyone has a workplace. At that time it was compulsory to have a workplace if somebody could not prove, that person was punished by the state. Because of the world economy and the political procedures, at the end of

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