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

The essential ingredients for Cyprus’ future as an international business and financial hub
Tourist arrivals up 7.5% in Q1, down 0.8% in March
Cyprus-Germany Business Association holds networking event in Nicosia
Makis Keravnos urges structured dialogue between EU-USA on tariffs
New era at CIBA with Vassilios Demetriades at the helm
Cabinet approves bills for national unit to implement economic sanctions
US Ambassador meets with the President of the Cyprus Olympic Committee at the Olympic House
Second-placed Cyprus among the EU members transporting most freight by sea in 2023
Punin Group launches delicious new venture: The Croissant by Punin
Deputy Minister of Innovation meets with Amazon officials