Cyprus Mail

Jobless rate rose to 9.2 per cent in November

Unemployment rates in Cyprus increased to 9.2 per cent – 8.9 per cent for men and 9.6 per cent for women – amounting to 41,000 people in November 2018, compared with the previous month but remaining lower than November 2017 when 43,000 were unemployed, Eurostat said on Wednesday.

Youth unemployment stood at 23 per cent (8,000 individuals) in November 2017 and 19.3 per cent in  August and September 2018 (7,000 individuals).

Eurostat estimates that 16.5m people in the EU28 were unemployed in November 2018. Among the member states, the lowest unemployment rates in November 2018 were recorded in the Czech Republic (1.9 per cent), Germany (3.3 per cent) and the Netherlands (3.5 per cent).

The highest unemployment rates were observed in Greece (18.6 per cent in September 2018) and Spain (14.7 per cent).

Compared with a year ago, the unemployment rate fell in all member states except Estonia where it remained stable. The largest decreases were registered in Croatia (from 10 per cent to 7.8 per cent), Greece (from 20.8 per cent to 18.6 per cent between September 2017 and September 2018) and Spain (from 16.5 per cent to 14.7 per cent).

In November 2018, the unemployment rate in the United States was 3.7 per cent, stable compared with October 2018 and down from 4.1 per cent in November 2017.

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