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Financial Mirror (Cyprus) - - FRONT PAGE -

Em­ploy­ment de­creased by 1.4% in the sec­ond quar­ter of the year, ac­cord­ing to the Euro­pean Com­mis­sion’s lat­est Em­ploy­ment and So­cial Sit­u­a­tion Quar­terly Re­view.

From 2008 to the first quar­ter of 2014, em­ploy­ment in Cyprus dropped 10.3%, while in Greece it fell by 14% and in Spain by 9.8%.

The quar­terly re­view points out that the eco­nomic re­cov­ery which started in the spring of 2013 re­mains frag­ile and fu­ture em­ploy­ment de­vel­op­ments re­main un­cer­tain.

Em­ploy­ment has con­tin­ued to grow in most sec­tors since mid-2013. The num­ber of hours worked rose and, for the first time since 2011, there has been a small in­crease in full time con­tracts and im­prove­ments in the sit­u­a­tion of young peo­ple. How­ever, many of the new jobs cre­ated are part-time or tem­po­rary.

Un­em­ploy­ment still re­mains close to his­tor­i­cally high lev­els. And the long-term un­em­ployed rep­re­sent a large and grow­ing share of to­tal EU un­em­ploy­ment, with almost 13 mln peo­ple hav­ing been un­em­ployed for more than a year. More­over, one in three un­em­ployed peo­ple have spent more than two years with­out a job.

For young peo­ple, the sit­u­a­tion has im­proved, with sig­nif­i­cant re­duc­tions in un­em­ploy­ment rates in most mem­ber states.

Nev­er­the­less, youth un­em­ploy­ment re­mains very high in Greece and Spain. Among those who have a job, almost half are on tem­po­rary jobs and nearly a quar­ter work part­time.

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