Labour Minister says goal for full employment conditions in first two years of governance is accomplished
27-02-2025 17:55
Labor Minister says goal for full employment conditions in first two years of governance is accomplished
Photograph: ΚΑΤΙΑ ΧΡΙΣΤΟΔΟΥΛΟΥ
Minister of Labor and Social Insurance Yiannis Panayiotou welcomed the achievement of the government’s goal of creating full employment conditions within the first two years of governance, noting that this constitutes a significant labor achievement with a strong positive impact on the economy and society.
In a written statement, the Minister welcomed the announcement by the Statistical Service on the data from the Labor Force Survey, saying that the data confirm the estimate for a reduction in unemployment in 2024 to less than 5%, which means that full employment conditions have now been established with unemployment reduced to 4.9%, which is the lowest rate recorded since 2008.
We continue, he adds, the methodical implementation of the Governance Program for the continuation of the improvement in the labor market and for the continuation of the positive results of the first two years, through the improvement of the mechanisms for connecting human resources with jobs, the increase in participation in vocational training programs and the full utilization of employment support plans.