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