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Employment up by 0.5% y-o-y in February


Average monthly employment in the enterprise sector amounted to just over 5.54 million people in February, an increase of 0.5% in comparison with the corresponding period of 2011, according to the Central Statistical Office (GUS). The result is marginally below a market consensus of 0.6% y-o-y.

On a month-on-month basis employment edged down by 0.1%. During the analysed period there were approximately 7,900 fewer people in work compared with January. In the 12 months to February average employment in the enterprise sector rose by about 30,200.

In January-February average monthly employment in the enterprise sector grew by 0.7% y-o-y.

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