The latest data released by Cyprus' District Labor Offices indicate a notable decline in registered unemployment rates for November, both on a monthly and on a yearly basis.
According to the Statistical Service of Cyprus (CyStat), comparing the current statistics to November 2022, there was a substantial decrease of 2,647 persons, or 17.3%, based on seasonally adjusted data.
Unemployment in Greece has finally dropped below 10% for the first time in 14 years. According to Hellenic Statistical Authority (ELSTAT) data, the seasonally adjusted unemployment rate in October 2023 reached 9.6%, compared to 11.8% in October 2022. The last time ELSTAT recorded a single-digit rate (9.9%) was in August 2009.
The European Commission's latest autumn economic forecast reveals Bulgaria's anticipated economic slowdown in 2023 and 2024, followed by a predicted rebound in 2025. Projections indicate a decrease in imports and exports alongside steady household consumption levels, set to rise gradually in the coming months of 2024.