Economy category powered by

Cyprus first in EU in youth unemployment reduction, Labour Ministry reveals

07:13 - 14 March 2025

Economy Reporter

According to Eurostat data on the reduction of unemployment among young people, the Republic of Cyprus has the best performance and is ranked first among all EU Member States, the Ministry of Labour has revealed.

More specifically, in a statement, it noted that the unemployment rate of young people under 25 years old in March 2023 was 16.1% and in December 2024 it was reduced to 9.9%, which is the lowest rate since 2008, a decrease of 6.2 percentage points, corresponding to a reduction of 38.5%.

"The achievement of the goal of full employment conditions has a positive impact on the daily life of citizens and the substantial reduction in youth unemployment creates optimistic prospects for the future of the new generation in the labour market," the statement concludes.

(Source: CNA)

News Feed

Read More

George Chrysochos: Interest from institutional capital is transforming the character of the real estate market
Harmonised Index of Consumer Prices up 0.4% in May
MONEYVAL: Cyprus has enhanced its AML/CTF Framework
MoU signed for creation of a Chair of Indian Studies at the University of Nicosia
Demetris Sparsis: Interest in the Brain Gain effort, what its ‘betting’ on, and its dual goal
Artificial Intelligence and Data Management in Advertising
MFA publishes contact details of RoC embassies for Cypriot citizens in the Middle East
Vladimir Markov: "Cyprus is definitely the right place to start an IT business"
Papanastasiou: How the idea of ​​organising Investopia in Cyprus was born
Freedom Holding Corp. reports 23% revenue growth for FY2025, driven by strong performance across brokerage and insurance segments