Retail employment up in 2017
The number of workers employed in the retail sector, working at organizations with at least five people, rose by 1.55% to 195,000 in 2017 compared to 2016, state news wire MTI reported based on a summary of data by the Central Statistical Office (KSH).
The rate of employment growth was below the 1.64% expansion for the number of employed in the economy as a whole. Gross monthly pay for retail workers reached HUF 231,800 in 2017, up from HUF 200,700 a year earlier.
Gross wages in the retail sector grew by 15.5% annually, compared to an average 12.84% rise in the economy as a whole, but retail wages were still only 78% of the national average.
Last year physical workers in the retail sector had a monthly gross wage of HUF 191,000, while white-collar workers earned HUF 319,000. The net monthly wage in the retail sector was HUF 154,000 in 2017, compared to HUF 198,000 for the entire economy.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.