Employment up in Cyprus during 2016

The number of persons employed increased by 0.9% in Cyprus, by 0.3% in the euro area (EA19) and by 0.2% in the EU28 in the fourth quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat.

In the third quarter of 2016, employment increased by 0.8% in Cyprus and by 0.2% both in the eurozone and EU28.

Compared with the same quarter of the previous year, employment increased by 3.0% in Cyprus, by 1.1% in the euro area and by 1.0% in the EU28 in the fourth quarter of 2016 (after + 2.8%, +1.2% and +1.1% respectively in the third quarter of 2016).

Eurostat estimates that, in the fourth quarter of 2016, 232.9 million men and women were employed in the EU28 (highest level ever recorded); of which 153.9 million were in the euro area (highest level since the third quarter of 2008).

Source: CNA

Cyprus Profile

articles | 15 March 2017