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Cyprus News Agency: News in English, 09-07-10
CONTENTS
[01] EU - CYPRUS - ECONOMY - EMPLOYMENT
[01] EU - CYPRUS - ECONOMY - EMPLOYMENT
Cyprus is the only country in the euro area to have seen positive
growth continue in the first quarter of 2009, the European Commission`s
DG for Employment, Social Affairs and Equal Opportunities July 2009
monthly monitor on the EU employment situation and social outlook has
said.
It added that even though Cyprus has so far been the only country in
the euro area to escape recession according to the IMF the unemployment
rate has increased since September 2008 to reach 5.3 % in May 2009, up
1.8 pps year-on-year.
However, this rate remains one of the lowest recorded in the EU, while
the employment rate, at 69.5 %, remain relatively high, the July 2009
monthly monitor said, adding that according to the District Labour
Offices in June 2009 registered unemployment increased by 1.4 % on the
previous month and amounted to 17,900.
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