Local
articles | 18 June 2015

Employment rises 0.3% in Q1 2015

The number of people employed in Cyprus increased by 0.3% in the first quarter of 2015 compared with the previous quarter.

Employment rose by 0.1% in the euro zone and by 0.3% in the EU28 in the first quarter of 2015 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union.

In the fourth quarter of 2014, employment dropped by 0.3% in Cyprus, increased by 0.1% in the euro area and by 0.2% in the EU28. These figures are seasonally adjusted.

Compared with the same quarter of the previous year, employment was steady in Cyprus, increased by 0.8% in the euro area and by 1.1% in the EU28 in the first quarter of 2015.

Among Member States for which data are available, Latvia and Hungary (+1.5%) recorded the highest increases in the first quarter of 2015 compared with the previous quarter, followed by Estonia (+0.9%), Spain (+0.8%), the Czech Republic, Ireland, Portugal and the United Kingdom (all +0.7%). Greece (-0.8%) and Malta (-0.4%) recorded decreases, while employment was stable in Germany, France, Italy and the Netherlands.

Source: InCyprus

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