THURSDAY, 18 JUL 2019

 

CONNECT

Facebook Linked In Twitter
Cytavision_Superpack_10/07-28/07_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Nicos Anastasiades Congratulates Ursula von der Leyen

Christine Lagarde Resigns as Head of IMF

IMH LTD
GAP_Group_2019_468x60px

ECONOMY

Cypriot Graduates Have The 4th Lowest Employment Rate in Europe

Cypriot Graduates Have The 4th Lowest Employment Rate in Europe

In the UK, recent graduates have an employment rate of 86.6%.

In 2014, the EU average employment rate was 76.0%; in 2017, it rose to 80.2%.

Greece currently has the lowest employment rate of recent graduates in Europe, at 52.0%.

Malta currently has the highest employment rate of recent graduates in Europe, at 94.5%.

Currently, the EU is working with Member States to make education a success for all young people.

The 2018 edition of the report, Education and Training Monitor by the European Commission, shows Member States have made progress in meeting targets, such as the want to “reach the employment rate of recent graduates to 82%” by 2020. However, there is still work to do.

Education and training specialists, theknowledgeacademy.com delved into the data to find out the current employment rate of recent graduates* across Europe, to compare which country currently houses the most – and least – successful grads**.

The Knowledge Academy found Malta currently has the highest employment rate of recent graduates in Europe – at 94.5%. Followed by Germany (90.9%) and the Netherlands (90.4%.)

Slightly behind these three countries, but with impressive rates still, is the Czech Republic (89.9%), Austria (89.4%), Luxembourg (88.5%) and Sweden with 88.3%.

In the UK, recent graduates have an employment rate of 86.6% - over 4% higher than the European average Member States are striving for.

Thereafter, the employment rate of recent graduates across Europe begins to decline ever slightly. In Latvia, we reach a rate of 78.0%, while Bulgaria (77.7%), Finland (77.0%) and Romania (76.0%) follow.

Alternately, the four countries with the lowest employment rate of recent graduates are, Cyprus (71.5%) Croatia (65.9%), Italy (55.2%) and Greece – with an employment rate of just 52.0%.

Joseph Scott, a spokesperson for theknowledgeacademy.com comments:

“We’re not worlds away from achieving the average employment rate Member States are striving for. Almost half the countries included in our table meet the grade; whilst a few even exceed it.

It is therefore encouraging for countries with lower rates, such as Greece, Italy and Croatia, who will hopefully utilise the comparable data to improve circumstances for their graduates. Afterall, investing in education across Europe will benefit us all.

If we produce graduates who can make a success of their life, we can create a sustainable workforce of confident and competitive grads ready to overcome anything.”

 

*Please note the indicator ‘employment rate of recent graduates’ presented in the data concerns recent graduates (those who have graduated within the last one to three years) meeting two criteria, namely: 1. Being in employment, and; 2. Not in any further (formal or non-formal) education or training.

**Figures based on graduates aged 20-34.

MORE ON ECONOMY

Costas Kadis: Cyprus' Agriculture Sector Enters a New Era After the Approval of the New Insurance System

Τhe agricultural sector of Cyprus enters a new era, Agriculture Minister Costas Kadis ...

Annual Tourism Revenue Up This April By 3%

Revenue from tourism in April 2019 presented an increase of 3% on an annual basis, after ...

Government Labour Force Increases Marginally In June

Government labour force increased marginally in June 2019, according to a press release ...

FROM AROUND GOLDNEWS

   

Expenditure for Environmental Protection Activities in Industry In 2017 Shows Increase

Expenditure for environmental protection activities in industry in 2017 recorded an increase compared to 2016, the Cyprus News Agency reports. On the basis ...
   

Limassol Boat Show 2020

The sixth edition of the largest boat show in Cyprus and the Eastern Mediterranean region will be proudly hosted at Limassol Marina from 7th to 10th May 2020. ...
   

Ursula von der Leyen Elected First Female European Commission President

German minister wins narrow backing of MEPs to succeed Jean-Claude Juncker, The Guardian reports. Ursula von der Leyen has been confirmed as the European ...
   

Christine Lagarde Resigns as Head of IMF

Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF), the BBC reports. It comes ahead of a decision ...
   

Pound Hits Two-Year Low as City Fears of No-Deal Brexit Intensify

Sterling falls by a cent against dollar after Tory leadership candidates’ backstop remarks, The Guardian reports. The pound has fallen to its lowest ...
   

Sir Philip Green's Arcadia Rescue Plan Faces US Legal Challenge

Topshop owner’s plans threatened by legal action from New York property group, The guardian reports. Sir Philip Green’s rescue restructure of ...
   

Shipping Deputy Minister and Shipping Chamber President Discuss Ways of Enhancing Cooperation

The recently elected President of the Cyprus Shipping Chamber, Philippos Philis had an official courtesy meeting with the Shipping Deputy Minister, Natasa ...
   

Credit Risk Management, SMEs and Family Firms

Professor Panikkos Poutziouris, Rector and Professor in Entrepreneurship and Family Business at UCLan Cyprus will be one of the speakers in the upcoming ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Limassol_Economic_19/06-18/10_300x250px
Gold_Digital_Edition_300x250px

IMH LTD