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ECONOMY

Eurostat: Employment in Cyprus Rises by 0.8%

Eurostat: Employment in Cyprus Rises by 0.8%

The number of persons employed increased by 0.4% in both the euro area (EA19) and the EU28 and by 0.8% in Cyprus, in the first quarter of 2018 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union.

In the fourth quarter of 2017, employment increased by 0.3% in the euro area, by 0.2% in the EU28 and by 0.9% in Cyprus, the Cyprus News Agency reports.

Compared with the same quarter of the previous year, employment increased by 1.4% in both the euro area and the EU28 and by 4.0% in Cyprus in the first quarter of 2018 (after +1.6%,  +1.5% and 3.7% respectively in the fourth quarter of 2017).

Eurostat estimates that, in the first quarter of 2018, 237.9 million men and women were employed in the EU28, of which 157.2 million were in the euro area. These are the highest levels ever recorded in both areas. These figures are seasonally adjusted. These data on employment provide a picture of labour input consistent with the output and income measure of national accounts.

Among Member States for which data are available for the first quarter of 2018, Romania (+1.9%), Malta (+1.3%), Portugal, Luxembourg and Croatia (all +1.0%) recorded the highest increases compared with the previous quarter. A decrease was observed in Estonia (-1.4%) and employment remained stable in Bulgaria and Lithuania.

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