fbpx

Cyprus Unemployment: The largest European drop to 7.5%

16/11/2018

It has been stated that employment has “seen” an increase in different sectors, and more substantially in the construction sector.

 Thus, the above fact drove to the reduction of the Cyprus’ unemployment rates where according to Eurostat, “Cyprus recorded the largest annual unemployment drop in Europe, shrining to 7.5% compared to 10.5% in August 2017 and 8.1% for the Euro Area average.

 It is worth mentioning that it is assumed that a further decrease is expected, driven by a general improvement in the labour market and activation measures.

 

 Source: Eurostat, PWC Cyprus

Latest News

‘Fig Tree Bay’ One of the top beaches in Europe

08/02/2019 | read more

Job Vacancy – Civil Engineer

28/01/2019 | read more

Paralimni Marina – Final design revealed

17/01/2019 | read more

Cyprus East Coast: An increase of 52% in property sales in December

08/01/2019 | read more

Starting 2019 with positive vibes!

04/01/2019 | read more
Translate »