Em­ploy­ment up 0.3% in Q1, as va­can­cies drop

Financial Mirror (Cyprus) - - FRONT PAGE -

Just as the govern­ment said its plan to hire 3,000 ca­reer sol­diers to re­lieve the un­em­ploy­ment prob­lem, EU sta­tis­tics showed that em­ploy­ment rose by 0.3% in the first quar­ter, at the same pace as both the Eu­ro­zone and the EU28.

Year-on-year, em­ploy­ment rose by 1.6%, ac­cord­ing to Euro­stat.

In the fourth quar­ter of 2015, em­ploy­ment in­creased by 0.3% in the euro area and by 0.4% in the EU28. Th­ese fig­ures are sea­son­ally ad­justed. Com­pared with the same quar­ter of the pre­vi­ous year, em­ploy­ment in­creased by 1.4% in both zones in the first quar­ter of 2016 (af­ter +1.2% in the euro area and +1.3% in the EU28 in the fourth quar­ter of 2015). Euro­stat es­ti­mates that, in the first quar­ter of 2016, 231.3 mil­lion men and women were em­ployed in the EU28, of which 152.6 mil­lion were in the euro area. Th­ese are the high­est lev­els since the third quar­ter of 2008 in the EU28, and the fourth quar­ter of 2008 in the euro area. Th­ese fig­ures are sea­son­ally ad­justed.

Among mem­ber states for which data is avail­able, the Czech Repub­lic (+1.5%), Lithua­nia (+1.3%) and Hun­gary (+1.0%) recorded the high­est in­creases in the first quar­ter of 2016 com­pared with the pre­vi­ous quar­ter. Poland (0.5%), Greece, Latvia and the Nether­lands (all -0.1%) recorded de­creases. Mean­while, the sta­tis­ti­cal ser­vice Cy­s­tat re­ported that the num­ber of job va­can­cies for the first quar­ter de­creased by 187 (-5.8%) com­pared to the same quar­ter last year when it stood at 3,240.

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