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Hungary business sector employment down 2.4% yr/yr in November

The number of employees in Hungary's business sector, which includes private as well as state-owned companies employing at least five people, fell 2.4% in the twelve months to November, dropping yr/yr for the 12th month in a row, data published by the Central Statistics Office (KSH) on Friday show. The number of business sector employees fell by 45,400 from a year earlier to 1,814,800 in November, and was down 6,300 from October. Business sector employment started to decline yr/yr in December 2011 after a steady year-on-year increase between May 2010 and November 2011. January-November employment in the sector was down 2.0% from a year earlier. Business sector employment rose 1.3% in 2011 and rose 0.3% in 2010, after a steep 6.7% fall on the economic crisis in 2009.