Hungary's number of employees declines 0.8% y/y in August 2012.

By bne IntelliNews October 19, 2012
The number of employees in Hungary's public and private sectors fell for the fifth straight month in August 2012 dropping by 0.8% y/y to 2.697mn, the statistics office said. The decline resulted from a 2.4% y/y drop in the business sector, which employed 1.828mn people. Employment in the private sector has been declining since December 2011 after rising in the previous 19 months. By contrast, employment in the public sector rose by 3% y/y to 760,800 in August. Non-profit organisations registered an annual rise of 0.6% y/y in August, following a decline in the previous three months. Despite this, their share on the labour market is negligible, as they employed only 108,000 individuals. The number of full-time employees in the local economy picked up by 0.4% y/y to 2.395mn in August. The number of part-time employees fell by 9.2% on the year to 301,500.
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