Local

    Articles |
    01 February 2018

    Jobless rate seen at 11.3% in December 2017, Eurostat says

    Jobless rate seen at 11.3% in December 2017, Eurostat says

    The rate of unemployment in Cyprus rose on a monthly basis in December 2017 to 11.3%, from un upwards revised 11.1% in November, the European Commission’s statistical service said.

    The number of unemployed in December was 49,000, Eurostat said in a statement on its website. In December 2016, the unemployment rate was 12.8%.

    Unemployment among youths in September, which was the latest available figure for Cyprus, was marginally revised upwards to 25%, Eurostat said.

    The average unemployment rate in December in the European Union and the euro area was 8.7% and 7.3% respectively, Eurostat said. Cyprus’ jobless ratio was the third highest in both the European Union and the euro area, beating Italy’s 10.8%. Greece and Spain had the highest unemployment rates with 20.7% and 16.4% respectively.

    The lowest unemployment ratio in the EU was that of the Czech Republic with 2.3%, followed by the 3.6% rate in Germany and Malta, and Hungary’s 3.9%, according to Eurostat.

    The unemployment ratio in Cyprus among males and females in December was 11.1% and 11.4% respectively, Eurostat said.

    Source: Cyprus Mail

    Cooperation Partners
    • Logo for Ministry of Energy, Commerce, Industry and Tourism
    • Logo for Cyprus Chamber of Commerce and Industry
    • Logo for Invest Cyprus
    • Logo for Cyprus In Your Heart
    • Logo for CFA Cyprus
    • Logo for Cyprus International Businesses Association
    • Logo for Cyprus Shipping Chamber
    • Logo for Cyprus Investment Funds Association
    • Logo for Association of Cyprus Banks