The goal of our labour market yearbooks is to review annually the main developments on the Hungarian labour market and to give an in-depth analysis of the key issues. The opening chapter gives an overview of recent labour market developments and employment policies. This year we put in focus the connection between education and the labour market. The first section of this chapter investigates the labour market successof people with varied educational attainment and also deals with the question of how large the stock is of accumulated human capital of Hungary by international comparison. The second section describes the magnitude of educational expansion and its consequences. The third section investigates the role of labour market expectations in the educational decisions of individuals. The last section investigates the connection between educational attainment and migration. The third chapter of the book provides an analysis of the causes and consequences of the legal and institutional changes that took place in employment policy last year. The closing chapter presents a statistical data set, and gives comprehensive information on the main economic developments, such as demographic trends, labour force participation, employment, unemployment and inactivity, wages, education, labour demand and supply, regional differences, migration, commuting, and labour relations, together with some international comparisons and methodological remarks.