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Cyprus News Agency: News in English, 09-07-10

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] EU - CYPRUS - ECONOMY - EMPLOYMENT

  • [01] EU - CYPRUS - ECONOMY - EMPLOYMENT

    Cyprus is the only country in the euro area to have seen positive growth continue in the first quarter of 2009, the European Commission`s DG for Employment, Social Affairs and Equal Opportunities July 2009 monthly monitor on the EU employment situation and social outlook has said.

    It added that even though Cyprus has so far been the only country in the euro area to escape recession according to the IMF the unemployment rate has increased since September 2008 to reach 5.3 % in May 2009, up 1.8 pps year-on-year.

    However, this rate remains one of the lowest recorded in the EU, while the employment rate, at 69.5 %, remain relatively high, the July 2009 monthly monitor said, adding that according to the District Labour Offices in June 2009 registered unemployment increased by 1.4 % on the previous month and amounted to 17,900.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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