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

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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.

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