Cyprus' unemployment reaches 17.5%

Unemployment in Cyprus reached 17.5% of the active workforce, and in absolute numbers 78,000 people were jobless in December, data released recently by Eurostat showed.

According to Eurostat’s seasonally adjusted data average unemployment in December stood at 18.4% for men, 16.6% for women and 40.8% for young people under 25. In the eurozone, average unemployment for men stood at 12.0%, for women at 12.1% and for young people under 25 at 23.8%.

Source: Cyprus Mail