Unemployment in Cyprus stable at 10.2% in October 2017

The euro area (EA19) seasonally-adjusted unemployment rate was 8.8% in October 2017, down from 8.9% in September 2017 and from 9.8% in October 2016.

This is the lowest rate recorded in the euro area since January 2009, according to figures published by Eurostat, the statistical office of the European Union.

The EU28 unemployment rate was 7.4% in October 2017, down from 7.5% in September 2017 and from 8.3% in October 2016. This is the lowest rate recorded in the EU28 since November 2008.

In Cyprus unemployment remained unchanged at 10.2% in October 2017 (44 000 individuals unemployed), while a year ago it was 13.1%. This constitutes the largest decrease in the EU (Cyprus, from 13.1% to 10.2%), while Greece follows closely (from 23.4% to 20.6% between August 2016 and August 2017).

Source: CNA