Economy category powered by

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

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)

Read More

Eurostat: Cypriots have among fewest online shopping problems in the EU
CySEC sets out activities for Global Money Week 2025
Central Bank Governor calls for united effort against financial illiteracy
Trump threatens tariffs on European wine and spirits in escalating trade war
Financial literacy is a major priority, President says
Cyprus first in EU in youth unemployment reduction, Labour Ministry reveals
What industry stakeholders expect from the tax reform
Trump threatens further tariffs as EU, Canada retaliate for those already in place
Commerce Ministry Permanent Secretary participates in EU Competitiveness Council meeting
Electricity interconnection project, among EU priorities, Spokesman says