KSH: Business employment up y.o.y. in August, down from July


The number of employees in Hungary's business sector rose 3.0% in August year-on-year, but dropped from the previkous month, a publication of Central Statistics Office (KSH) revealed today. The data include both private and state-owned companies who employ at least five people.

The number of employed was down by 4,000 from July in month-on-month comparison. Some 13,900 people or 0.7% of those employed in the sector worked as as fostered workers, being cheifly employed in forestry and water management projects at less than minimum wage.

Statistics by KSH suggest that, in a year-on-year comparison, the number of employed people has been rising every month since last April chiefly supported by public work schemes which employs 195,000 fostered workers in the public sector alone.

Excluding fostered workers, business sector employment rose 2.7% in 12 months to 1,870,300 in August.

Employee numbers in the business sector averaged 1,861,500 in January-August, up 2.6% in a year-on-year comparison. Excluding the average 13,600 fostered workers employed in the period, business sector employment was up 2.4% in the first eight months.


Hungary Inflation Rate at 21.5% in May Figures

Hungary Inflation Rate at 21.5% in May

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Industrial Production Declines in April Manufacturing

Industrial Production Declines in April

Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov... History

Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.