Employment in Cyprus declines by 0.5% in Q2 2009

Employment in Cyprus recorded a reduction during the second quarter of 2009, according to estimates published by Eurostat. The employment rate in Cyprus for the second quarter of 2009 fell by 0.5%, compared with the same quarter of the previous year. For the same period, the reduction in employment rate was 1.9% in EU 27 and 1.8% in the euro area.
The reduction rate recorded in Cyprus was the second lower among EU27 (where data are available), after Germany with 0.1% reduction.
Employment rates have fallen most sharply in Latvia by 13.1%, followed by Estonia with 10.2% and Spain with 7.1%.
Eurostat estimates that, in the second quarter of 2009, 222.7 million men and women were employed in the EU27, of which 145.6 million were in the euro area.
The data suggest that all sectors of the euro-zone economy reported declines in employment. Manufacturing was the sector worst affected by job losses, with employment down by 1.6%, followed by construction sector by 1.4% and agriculture by 0.9%. Employment in financial and business services fell 0.8%.
The decline in employment in each country for which data are available is the following: Belgium 0.7%, Bulgaria -1.8% Germany -0.1%, Estonia -10.2%, Greece -1.0 % Spain -7.1% -Italy 0.9%, Cyprus -0.5% -Latvia 13.1%, Lithuania -6.7% -Hungary 4.5%, Malta -0.8% Austria -1.1% -Poland 0.7%, Portugal -2.7% -Slovenia 1.6%, Slovakia -1.3%, Finland 3.0% Sweden 2.2%, United Kingdom 2.0%.