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Key FactsCyprus Sees Lowest Unemployment in 15 Years
May 28, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: ekathimerini.com
  • In 2024, Cyprus’ unemployment rate reached 4.9%, well below the EU average of 5.9%.

  • Long-term unemployment declined to 1.3%, the second-best figure since 2009.

  • Youth unemployment decreased considerably to 13%, improving job stability for younger workers.

  • Several EU countries, including Greece, still face much higher long-term unemployment levels.