Cyprus Mail

Unemployment rate drops to 11.6% in April, Eurostat says

The unemployment rate in Cyprus fell in April to 11.6 per cent, remaining the third-highest in both the euro area and the European Union, the EU’s statistical office Eurostat said.

The number of unemployed dropped in April to 50,000 from 53,000 in March and 54,000 in April 2016, Eurostat said in a statement on its website on Wednesday. Cyprus’s unemployment rate was 12.3 per cent in March and 12.9 per cent in April 2016.

The youth unemployment rate was 29.6 per cent in March, which is the latest available figure for Cyprus, compared with 28.5 per cent in April 2016, Eurostat said. The jobless rate among men was 10.5 per cent in April and 12.7 per cent among women.

The average unemployment rate in April in the EU and euro area fell to 9.3 per cent and 7.8 per cent from 9.4 per cent and 7.9 per cent respectively, Eurostat said.

The highest unemployment rate was Greece’s 23.2 per cent in February, the latest available figure, followed by Spain 17.8 per cent, Eurostat said. The lowest rates in the euro area was Germany’s 3.9 per cent, followed by Malta’s 4.1 per cent and the Netherlands’ 5.1 per cent rate. The Czech Republic had the lowest jobless rate in the EU with 3.2 per cent.

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