The number of unemployed persons in Cyprus remained at 46,000 in June as in May, Eurostat said in a statement on its website on Monday. The unemployment rate among persons in the age group under 25, remained unchanged at20.3% last month, after dropping from 24.6% in April. The seasonally adjusted unemployment rate both among men and women was 10.8% last month.
The highest jobless rate in June both in the EU and the euro area was in Greece with 21.7% followed by Spain with 17.1% and Italy with 11%, Cystat said. Germany was the best performer in the euro area with 3.8%, followed by Malta and the Netherlands with 4.1% and 4.9% respectively. The lowest rate in the EU was that of the Czech Republic with 2.9%.
“Compared with a year ago, the unemployment rate fell in all member states for which data is comparable over time, except Estonia which showed an increase from 6.5% in May 2016 to 6.9% in May 2017,” Eurostat said adding that Estonia provided no June figures. “The largest decreases were registered in Spain from 19.9% to 17.1% and Croatia from 13.3% to 10.6%. In June 2017, the unemployment rate in the United States was 4.4%, up from 4.3% in May 2017 but down from 4.9% in June 2016”.
Source: Cyprus Mail