Cyprus Mail

Slight drop in unemployment in April

File photo of the unemployment office

The island’s unemployment fell slightly in April compared with the previous month, the European statistical service Eurostat said on Tuesday, as Cyprus still had one of the highest year-on-year rises in the 27-member bloc.

According to Eurostat, the number of jobless people dropped to 72,000, or 16.4 per cent, in April compared with 16.9 per cent – 75,000 — in March.

The unemployment rate in April 2013 was 15.6 per cent, representing 69,000 jobless people.

Youth unemployment – under 25 – reached 42.3 per cent, or 18,000, in March this year (no data for April), compared with 39.6 per cent, or 16,000, in April 2013.

Euro area (E18) seasonally adjusted unemployment was 11.7 per cent in April 2014, down from 11.8 per cent in March and from 12 per cent in April last year.

Unemployment in the EU reached 10.4 per cent, down from 10.5 per cent in March, and 10.9 per cent in April 2013.

Eurostat estimates that 25.5 million people in EU – 18.7 million of whom in the euro area — were unemployed in April 2014.

Compared with March 2014, the number of unemployed people dropped by 151,000 in the EU and by 76, 000 in the euro area.

Compared with April 2013, unemployment fell by 1.2 million in the EU and by 487,000 in the euro area, Eurostat said.

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