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Cyprus News Agency: News in English, 09-07-24

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 UNEMPLOYMENT - CYPRUS

  • [01] EU UNEMPLOYMENT - CYPRUS

    After three years of decline, the European Union unemployment rate started to rise in the first quarter of 2008, in the wake of the world economic crisis.

    Since then the unemployment rate, especially for young people, has increased sharply in the EU.

    According to official data released today by Eurostat, in the first quarter of 2009, the seasonally adjusted unemployment rate in the EU27 for those aged 15-24 was 18.3%, significantly higher than the total unemployment rate of 8.2%. In the EU27, 5.0 million young people were unemployed.

    In the euro area (EA16), the youth unemployment rate was 18.4% and the total unemployment rate was 8.8% with 3.1 million young people being unemployed.

    Regarding Cyprus, the Eurostat data indicate that the youth unemployment increased by 2% during the first quarter of 2009 (in comparison with the same period of 2008) and was recorded at 11,1%, the fifth lowest of EU27 and the third lowest among the euro area countries.


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