Employment drops 0.1pct in Q2

Employment in Cyprus fell in the second quarter of the year but the drop was smaller than the previous quarter, according to the EU’s statistical service EUROSTAT.

Employment in Q2 fell by 0.1 per cent compared with 1.2 per cent in Q1.

On an annual basis, employment in Cyprus dropped 1.4 per cent in Q2, Eurostat said.

At the same time the number of people employed in the eurozone increased by 0.2 per cent and by 0.3 per cent in the EU28 in Q2, compared with the previous quarter.

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.

These figures are seasonally adjusted.