{"id":113924,"date":"2025-05-25T20:44:10","date_gmt":"2025-05-25T17:44:10","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=113924"},"modified":"2025-05-25T20:44:10","modified_gmt":"2025-05-25T17:44:10","slug":"cyprus-sees-notable-drop-in-long-term-unemployment","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/ru\/cyprus-sees-notable-drop-in-long-term-unemployment\/","title":{"rendered":"Cyprus Sees Notable Drop in Long-Term Unemployment"},"content":{"rendered":"

Cyprus is making progress on the employment front, as new figures from Eurostat show a significant decline in long-term unemployment. In 2024, the country\u2019s long-term unemployment rate dropped to 1.3%, down from 1.8% in 2023 \u2014 a 0.5% improvement.<\/p>\n

This places Cyprus 19th among EU member states, sitting between Hungary (1.5%) and Austria (1.1%), and below the EU average for long-term unemployment.<\/p>\n

Historic Low for EU Unemployment<\/h3>\n

Across the broader European Union, long-term unemployment has hit a record low of 1.9%, compared to 2.1% last year. This positive trend comes as part of a broader improvement in the EU labor market.<\/p>\n

For the age group 15 to 74, total unemployment in the EU fell to 5.9%, marking the lowest rate since Eurostat began tracking this data in 2009.<\/p>\n

But not all countries are seeing the same progress. Greece still reports the highest long-term unemployment at 5.4%, followed by Spain (3.8%) and Slovakia (3.5%). On the other end of the spectrum, the Netherlands leads with the lowest rate at just 0.5%, followed by Malta (0.7%), and the Czech Republic, Denmark, and Poland (each at 0.8%).<\/p>\n

Youth Unemployment Still a Challenge<\/h3>\n

Despite overall improvements, youth unemployment \u2014 specifically among those aged 15 to 24 \u2014 saw an uptick, rising to 14.9%, up by 0.4% from 2023.<\/p>\n

Meanwhile, joblessness declined slightly for other age brackets:<\/p>\n