Employment Drops a Bit in Cyprus

NICOSIA – EUROSTAT, the EU’s statistical service, reported that Employment in fell by 0.1 per cent in the second quarter of 2014 compared with a 1.2 percent drop in the first quarter,

Compared with 2013, employment in Cyprus dropped 1.4 percent in the second quarter according to Eurostat.

Employment in the eurozone as a whole increased by 0.2 percent and in all 28 members of the EU it increased by 0.3 percent in the second quarter compared with the previous one.

“In Q1, employment rose by 0.1 per cent in the eurozone and 0.2 per cent in the EU28. These figures are seasonally adjusted. Compared with the same quarter of the previous year, employment grew by 0.4 per cent in the eurozone and by 0.7 per cent in the EU28 in Q2 (after +0.1 per cent and +0.6 per cent respectively in Q1). Eurostat estimates that, in Q2 of 2014, 224.9 million men and women were employed in the EU28, of which 146.5 million were in the eurozone,” according to Cyprus Mail, which noted that the figures are seasonally adjusted.