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Business Cyprus

Jobless rate drops to 8.6% in April, Eurostat says

Cyprus’s unemployment rate dropped below 9 per cent in April, the first time since December 2011, slightly above the euro area’s average, the European Commission’s statistical office said.

The unemployment rate in Cyprus was 8.6 per cent last month, down from 9 per cent in March and 11.7 per cent in April 2017, Eurostat said in a statement on its website on Thursday. The number of men out of work was 8.1 per cent and 9 per cent among women. The percentage of jobless persons below 25 was 23 per cent in January, which is the most recent available figure.

The jobless rate in the euro area was 8.5 per cent in April and 7.1 per cent in the EU, Eurostat said. Cyprus’s unemployment rate was the six-highest in the EU after Greece’s 20.8 per cent, Spain’s 15.9 per cent, Italy’s 11.2 per cent, France’s 9.2 per cent, and Croatia’s 9.1 per cent.

The lowest jobless rate was reported in the Czech Republic with 2.2 per cent, followed by Malta and Germany with 3 per cent and 3.4 per cent respectively, the statement said.

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