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Hungary business sector employment down 1.8% yr/yr in April

HR

The number of employees in Hungary's business sector, which includes private as well as state-owned companies, fell 1.8% year-on-year in April, slightly faster than in March and dropping for the fifth month in a row, data published by the Central Statistics Office (KSH) on Tuesday show.

Nationwide, the number of employees was down 0.4% yr/yr to 2,684,100 in April.

The two segments recording new hires were public work schemes, where employment rose a steep 60.8% from April 2011, and non-profit institutions, where the number of employed rose 0.5%.

The number of employees at businesses employing at least five people fell by 32,500 from a year earlier to 1,812,500 in April. The number was down 5,200 from March.

The decline came after steady year-on-year increase between May 2010 and November 2011.

January-April employment in the sector was down 26,000 or 1.5% from a year earlier.

Business sector employment rose 1.3% last year and rose 0.3% in 2010, after falling 6.7% on the economic crisis in 2009.

Similar to the previous few months, the number of full-time business sector employees fell and the number of part-time employees rose in the year to April. The number of full-time employees in the sector dropped 2.5.% yr/yr to 1,605,700 - although was up 0.3% from March. The number of part-time business sector employees rose 4.4% in one year to 206,800, up by 1,000 from March. Their ratio was slightly below 12% of total.

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